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Multiple recently announced US import duties targeting imported kitchen cabinets, bathroom vanities, timber, and certain upholstered furniture have been implemented.

As per a executive order authorized by President Donald Trump last month, a ten percent duty on softwood lumber foreign shipments took effect on Tuesday.

Import Duty Percentages and Future Increases

A twenty-five percent levy is also imposed on foreign-made kitchen cabinets and bathroom vanities – increasing to fifty percent on January 1st – while a twenty-five percent tariff on wooden seating with fabric will increase to thirty percent, except if new trade agreements get agreed upon.

Donald Trump has cited the need to protect US manufacturers and security considerations for the action, but certain sector experts are concerned the duties could raise residential prices and lead consumers put off residential upgrades.

Understanding Import Taxes

Import taxes are taxes on imported goods typically applied as a share of a good's price and are paid to the US government by businesses bringing in the items.

These companies may pass some or all of the extra cost on to their buyers, which in this case means ordinary Americans and additional American firms.

Past Tariff Policies

The chief executive's duty approaches have been a prominent aspect of his current administration in the presidency.

The president has earlier enacted targeted duties on steel, metallic element, aluminium, automobiles, and vehicle components.

Consequences for Canada

The additional international ten percent levies on softwood lumber implies the commodity from the Canadian nation – the major international source internationally and a major domestic source – is now dutied at more than 45%.

There is already a total 35.16% American offsetting and anti-dumping tariffs imposed on the majority of Canada-based manufacturers as part of a years-old disagreement over the item between the two countries.

Trade Deals and Exclusions

As part of existing trade deals with the America, tariffs on wood products from the Britain will not exceed 10%, while those from the European community and Japanese nation will not exceed fifteen percent.

Administration Rationale

The White House states Donald Trump's tariffs have been enacted "to guard against threats" to the United States' homeland defense and to "bolster manufacturing".

Industry Apprehensions

But the Homebuilders Association said in a release in late September that the recent duties could raise homebuilding expenses.

"These new tariffs will generate further obstacles for an presently strained housing market by further raising construction and renovation costs," remarked leader Buddy Hughes.

Retailer Viewpoint

Based on an advisory firm managing director and market analyst the analyst, merchants will have few alternatives but to hike rates on imported goods.

Speaking to a media partner in the previous month, she noted stores would seek not to raise prices drastically prior to the holiday season, but "they cannot withstand thirty percent taxes on top of existing duties that are currently active".

"They must shift costs, almost certainly in the form of a two-figure cost hike," she added.

Furniture Giant Reaction

Last month Swedish retail major the company said the tariffs on imported furnishings render conducting commerce "more difficult".

"The tariffs are influencing our company similarly to fellow businesses, and we are attentively observing the evolving situation," the enterprise said.