President Trump said he was slapping 10% tariffs on imported timber and lumber and 25% duties on kitchen cabinets, bathroom vanities and upholstered furniture.

President Donald Trump announced new tariffs on cabinets, saying he wants to bring furniture businesses back to the Carolinas and Michigan.

President Trump said he was slapping 10% tariffs on imported timber and lumber and 25% duties on kitchen cabinets, bathroom vanities and upholstered furniture.