On October 14, 2025, former U.S. President Donald Trump signed a proclamation initiating tariffs on lumber imports. Affected products like kitchen cabinets will see rates climb from 25% to 50% in January. During his term, tariffs were often utilized.
Lumber Tariffs Double from January 2025
Donald Trump, as the primary initiator, has previously applied tariffs in sectors such as steel and electronics. This policy move aims to address trade deficits, building on his earlier protectionist agenda. The official notice is pending public release through government channels.
Construction Costs Set to Rise, Industry Warns
Industry voices express concern over potential cost increases impacting housing and construction sectors. Historical data suggests that tariffs on imports like lumber generally lead to higher consumer prices and may disrupt supply chains.
The tariff announcement did not elicit a direct response from major cryptocurrency markets. Historically, macroeconomic shifts may eventually affect digital assets if investor sentiment turns towards alternative investments like Bitcoin or Ethereum.
Expert Insights on Tariff Impact Versus 2018 Trade Dispute
Similar to the 2018 U.S.-China trade dispute, tariffs led to disruptions across various markets, including equities. Past incidents show equity market impacts but often with minimal direct movement in cryptocurrency valuations.
Experts from Kanalcoin indicate the potential for macroeconomic actions to affect risk sentiment. Tariff implementations can redirect investment into and out of digital assets depending on the broader economic climate. Historical trends provide context for possible market shifts.
Former U.S. President, Donald Trump stated, "The new tariffs on lumber and wooden products will protect American workers and ensure fair competition in our industry." – Economic Times