Tariffs and International Trade

Woodworking Industry News

Trump says details coming on furniture tariffs

President Trump said Monday that details are forthcoming on tariffs for furniture imports, following his announcement last week of a 30% levy on such goods. His social media post did not mention if or when details will be released on his threatened tariffs on imported cabinets, vanities and associated products that he said would go into effect on Oct. 1.

Woodworking Industry News

Manufacturing PMI at 48.7%, wood and furniture dip

Economic activity in the manufacturing sector contracted in August for the sixth consecutive month. Highlights: new orders are growing while production and employment are contracting; supplier deliveries are slowing; raw materials inventories contracting; customers' inventories too low; prices increasing; exports and imports contracting.