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Multiple recently announced United States import duties targeting foreign-sourced kitchen cabinets, vanities, wood products, and certain furnished seating have come into force.

Following a proclamation enacted by President Donald Trump in the previous month, a ten percent tariff on soft timber foreign shipments took effect this Tuesday.

Import Duty Percentages and Future Increases

A twenty-five percent duty will also apply on imported kitchen cabinets and vanities – escalating to fifty percent on the first of January – while a 25% import tax on wooden seating with fabric will increase to 30%, except if fresh commercial pacts get finalized.

Donald Trump has cited the need to shield domestic industries and national security concerns for the move, but various industry players fear the tariffs could elevate housing costs and make consumers delay house remodeling.

Defining Customs Duties

Import taxes are charges on foreign products usually imposed as a share of a item's value and are remitted to the US government by companies importing the products.

These enterprises may transfer a portion or the entirety of the increased charge on to their clients, which in this case means typical American consumers and further domestic companies.

Past Import Tax Strategies

The chief executive's import tax strategies have been a key feature of his second term in the presidency.

Donald Trump has before implemented sector-specific duties on metal, metallic element, aluminium, cars, and auto parts.

Consequences for Canadian Producers

The additional global 10% tariffs on soft timber signifies the commodity from the Canadian nation – the number two global supplier worldwide and a significant domestic source – is now dutied at above 45 percent.

There is currently a total 35.16% US countervailing and anti-dumping tariffs applied on the majority of northern industry players as part of a years-old conflict over the item between the both nations.

Commercial Agreements and Exemptions

In accordance with existing bilateral pacts with the US, levies on timber goods from the United Kingdom will not exceed ten percent, while those from the EU bloc and Japanese nation will not exceed 15%.

Administration Rationale

The presidential administration states the president's import taxes have been implemented "to guard against risks" to the US's domestic security and to "enhance manufacturing".

Business Worries

But the National Association of Homebuilders commented in a statement in the end of September that the new levies could escalate housing costs.

"These recent levies will produce extra obstacles for an currently struggling housing market by further raising building and remodeling expenses," said chairman the association's chairman.

Merchant Viewpoint

According to a consulting group top official and senior retail analyst the expert, merchants will have little option but to hike rates on imported goods.

During an interview with a news outlet last month, she stated sellers would seek not to hike rates drastically before the year-end shopping, but "they cannot withstand thirty percent duties on top of other tariffs that are presently enforced".

"They'll have to transfer expenses, probably in the guise of a double-digit cost hike," she added.

Furniture Giant Reaction

Recently Swedish furniture giant Ikea stated the levies on furniture imports cause conducting commerce "tougher".

"The tariffs are impacting our company in the same way as additional firms, and we are attentively observing the changing scenario," the enterprise remarked.