Fact Sheet: President Donald J. Trump Addresses the Threat to National Security from Imports of Timber, Lumber, and Their Derivative Products
Fact sheetTariff raisedPublished 25/09/29Open the original
Summary
President Trump invokes Section 232 to impose a 10% tariff on softwood lumber and a 25% tariff on certain upholstered furniture and on kitchen cabinets and vanities, rising to 30% and 50% on January 1. Imports from the United Kingdom are capped at 10%, and from the European Union and Japan at 15%.
By industry
- Tariffs & Reshoring1 trading day−0.8%p15 stocks5 trading days+0.7%p15 stocks20 trading days+3.5%p15 stocks
“The Proclamation imposes a 10% global tariff on imports of softwood lumber.”
Day by day after the announcement
| Day | Tariffs & Reshoring stocks | S&P 500 |
|---|---|---|
| 25/09/26 | 0.0% | 0.0% |
| 25/09/29 | −0.6% | +0.2% |
| 25/09/30 | −0.5% | +0.4% |
| 25/10/01 | +1.0% | +1.0% |
| 25/10/02 | +1.8% | +1.1% |
| 25/10/03 | +1.8% | +1.1% |
| 25/10/06 | +0.8% | +1.5% |
| 25/10/07 | +0.9% | +1.2% |
| 25/10/08 | +4.1% | +1.7% |
| 25/10/09 | +2.8% | +1.4% |
| 25/10/10 | −1.1% | −2.0% |
| 25/10/13 | +2.0% | +0.1% |
| 25/10/14 | +2.8% | +0.0% |
| 25/10/15 | +2.2% | +0.5% |
| 25/10/16 | −0.7% | −0.3% |
| 25/10/17 | −0.9% | +0.5% |
| 25/10/20 | +3.5% | +1.5% |
| 25/10/21 | +2.4% | +1.4% |
| 25/10/22 | −0.5% | +0.9% |
| 25/10/23 | +4.8% | +1.5% |
| 25/10/24 | +5.8% | +2.3% |
Korean stocks in these industries
- Hyundai Steel 004020
- POSCO Holdings 005490
- SeAH Steel Holdings 003030
Trades in these industries around the announcement
Members' and insiders' trades in the industries' stocks, 30 days before to 30 days after.
- John R. McPherson
BuyCommercial Metals
BuyCommercial Metals
CMC
$99.5K
1,712 sh
$99.5K
Filed 25/10/21
Traded 25/10/20
- John R. McPherson
BuyCommercial Metals
BuyCommercial Metals
CMC
$587
10 sh
$587
Filed 25/10/21
Traded 25/10/20
- Kimberly A. Fields
Sell10b5-1 planAti
Sell10b5-1 planAti
ATI
$1.8M
21,153 sh
$1.8M
Filed 25/10/16
Traded 25/10/15
- Kimberly A. Fields
Sell10b5-1 planAti
Sell10b5-1 planAti
ATI
$1.7M
21,154 sh
$1.7M
Filed 25/10/08
Traded 25/10/06
- Kimberly A. Fields
Sell10b5-1 planAti
Sell10b5-1 planAti
ATI
$1.6M
20,312 sh
$1.6M
Filed 25/09/23
Traded 25/09/22
- Miguel Alvarez
SellSteel Dynamics
SellSteel Dynamics
STLD
$1.3M
8,251 sh
$1.3M
Filed 25/10/30
Traded 25/10/29
- Kimberly A. Fields
Sell10b5-1 planAti
Sell10b5-1 planAti
ATI
$1.2M
15,941 sh
$1.2M
Filed 25/09/10
Traded 25/09/09
- Steven E. Karol
SellCarpenter Technology
SellCarpenter Technology
CRS
$843.8K
3,433 sh
$843.8K
Filed 25/09/10
Traded 25/09/09
- Kenneth L. Calloway
SellCentury Aluminum
SellCentury Aluminum
CENX
$452.4K
16,450 sh
$452.4K
Filed 25/09/23
Traded 25/09/19
- Agust F. Hafberg
SellCentury Aluminum
SellCentury Aluminum
CENX
$264.9K
9,493 sh
$264.9K
Filed 25/09/30
Traded 25/09/26
- James R. York
SellInsteel Industries
SellInsteel Industries
IIIN
$23.1K
600 sh
$23.1K
Filed 25/09/05
Traded 25/09/04