- Two key trade measures previously announced by President Donald J. Trump’s administration went into effect today:
- Tariffs on softwood timber and lumber, upholstered wooden furniture, and kitchen cabinetry; and
- Fees targeting certain Chinese vessels and foreign-built vehicle carriers calling on U.S. ports.
- China responded to the port fees by announcing its own fees on U.S.-owned or operated vessels, which also took effect today.
View other S&C insights relating to the Trump administration’s recent tariffs and trade measures.