US Announces Wood, Furniture Tariffs: The Week in Retail

This week in retail: The United States announced new tariffs on wood and furniture imports, while Mexico’s retail sector is projected to grow at a 4.56% CAGR, driven by e-commerce adoption. Meanwhile, secondhand fashion gains momentum amid circular economy trends, and VTEX CONNECT 2025 highlighted how AI, data, and digital payments are reshaping the region’s retail landscape.

More news below:

Trump Imposes 10% Wood, 25% Furniture Tariffs

US President Donald Trump announced on Sept. 29 new tariffs on imported wood and furniture, including 10% on wood and 25% on kitchen cabinets, bathroom vanities, and upholstered furniture, expanding measures under Section 232 of the 1974 Trade Act.

Mexico Retail Set for 4.56% CAGR Boosted by E-Commerce

Market growth is fueled by urbanization, evolving consumer lifestyles, and economic recovery, which have expanded the middle class and increased purchasing power. Technological advancements and changing consumer behaviors are transforming the sector, with smartphone adoption and internet access driving e-commerce growth.

Mexico Embraces Pre-Owned Clothing Amid Circular Economy

The secondhand clothing and resale market is expanding globally, and Mexico is following the trend with consumer interest in circular practices on the rise. Over 70% of Mexican shoppers say they are willing to buy secondhand apparel in good condition, according to Statista. Clothing, footwear, and accessories are among the most purchased categories on resale platforms in Mexico, reflecting both the search for affordable options and a cultural shift toward extending product lifecycles and reducing environmental impact.

AI, Data, Payments Strengthen Mexico’s Retail Sector

VTEX CONNECT 2025 brought together retail and technology leaders to explore how artificial intelligence, structured data, and digital payments are driving growth in Mexico and Latin America. The event highlighted both opportunities and challenges arising from macroeconomic shifts and evolving consumer behavior. Speakers identified Mexico as one of the top three global markets for retail and digital commerce expansion, citing local talent, consumer demand, and institutional support.