White House Issues New Section 232 Tariffs on Wood Products – But Drawback Remains Eligible
The White House has announced new Section 232 tariffs on timber, lumber, and wood products, citing risks to U.S. mills, supply chains, and infrastructure needs. Tariffs range from 10% on softwood lumber to as high as 50% on cabinetry by 2026. Importantly, the proclamation confirms that duty drawback remains eligible, allowing importers who re-export qualifying products to recover up to 99% of duties paid.