Trump sets 10% tariff on lumber imports, higher rates on wooden products

Trump sets 10% tariff on lumber imports, higher rates on wooden products

U.S. President Donald Trump signed a proclamation on Monday to set a 10% tariff rate on imports of lumber and 25% on vanities, kitchen cabinets and upholstered wooden products, the White House said. Andrew Harnik | Getty Images News | Getty Images U.S. President Donald Trump said on Monday he was slapping 10% tariffs on imported timber and lumber and 25% duties on…

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Stock market today: Live updates

Stock market today: Live updates

Specialist traders work inside a booth on the floor at the New York Stock Exchange on Sept. 10, 2025. Brendan McDermid | Reuters Stock futures are little changed as investors look to close out an unusually strong September by building on Monday’s momentum, despite the threat of a potential U.S. government shutdown this week. Futures…

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Government shutdowns usually have little economic impact. This time could be different

Government shutdowns usually have little economic impact. This time could be different

A view of the U.S. Capitol on September 29, 2025 in Washington, DC. Anna Moneymaker | Getty Images For all the political firestorms they generate, government shutdowns historically have been nonevents for both markets and the economy. This time, though, could be different. That’s because President Donald Trump’s threat to make some federal government furloughs…

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