New 25% tariffs on imported kitchen cabinets are scheduled to be implemented by the Trump administration at 12:01 a.m. Eastern. Such cabinets are on show last month at a retailer in Houston.
The latest tariffs imposed by U.S. President Donald Trump on timber, upholstered furniture, bathroom vanities, and kitchen cabinets are scheduled to go into effect on Tuesday, increasing the number of industries subject to import duties.
Trump has imposed country-specific tariffs in addition to sector-based penalties. For example, he warned last week to raise a hefty levy on Chinese imports in a “massive” manner.
What is the present status of all the taxes that the self-proclaimed “Tariff Man” has imposed?
An overview is given in the two tables below, one of which focuses on sectoral tariffs and the other on levies specific to individual countries. The Budget Lab at Yale estimates that the average annual cost to American households is over $2,400, and that the average effective U.S. tariff rate is currently around 18%, the highest level since 1934.
Trump imposed a 30% tax on upholstered furniture and a 50% tariff on all kitchen cabinets last month, with both beginning on October 1. The duties, however, are initially set at lower levels and go into force in mid-October. According to a recent report by Raymond James analysts, these kinds of adjustments and postponements “open new questions” about when additional potential sectoral tariffs would be implemented.
