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New day, new tariffs from Marketplace. I'm Sabrina Benes-Shore in for David Bruncacho,

foreign soft timber and wood products. Those are the latest goods to get tariffs from the White

House. The Trump administration announced these new import taxes yesterday. The rationale was

national security. The administration also released more details on a string of new tariffs

President Trump announced in social media post last week. Marketplace's Nancy Marshall-Genzor reports.

A White House proclamation says there will be a 10% tariff on timber and lumber imports

and 25% import taxes on wooden furniture,

vanities, and kitchen cabinets. This will all take effect October 14th. On January 1st,

the furniture tariff rises to 30% and the vanity and cabinet tax increases to 50%. There are

carve-outs. The White House says tariffs on wood products from Britain

will be capped at 10%, with a limit of 15% for wood imports from the EU in Japan. The White House says

these tariffs are necessary for national security and imports have increased lumber mill closures

in the U.S. The National Association of Home Builders,

though, says higher lumber tariffs will increase housing costs. I'm Nancy Marshall Genser for Marketplace.

President Trump and congressional leaders were unable to come to a deal yesterday to avoid a

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