Trump’s tariff announcement: Key wood products exempt from new rates

 President Donald Trump has announced sweeping new tariffs on imports, setting a baseline rate of 10% on goods from all countries while imposing higher reciprocal tariffs on select nations. The move, aimed at addressing what the administration sees as unfair trade practices, is expected to have significant global economic implications. During an event at the White House on Wednesday, Trump framed the tariffs as a necessary response to decades of economic policies that he argues have disadvantaged American industries. The baseline 10% tariff will take effect on April 5, with additional tariffs on certain trading partners set to ...