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News in English (USA) / 04.03.2025 / 16:00

Trump Administration Takes Major Steps to Boost Domestic Timber Production Amid Tariff Controversies

The Trump administration is ramping up efforts to enhance domestic timber production with a series of executive orders aimed at increasing logging in national forests. This move has received mixed reactions, as the logging industry welcomes the increased supply while environmentalists warn of potential threats to wildlife and ecosystems. Additionally, new tariffs are being considered, including a nearly tripling of anti-dumping duties on Canadian softwood lumber. Critics argue that these tariffs could severely impact the Canadian lumber industry, with some stating it poses a massive threat. The administration has also ordered investigations into the lumber import market, raising concerns about the potential for higher lumber prices and the broader implications for home builders and consumers. As lumber prices soar to a 30-month high, the landscape of the timber industry continues to evolve amidst these trade tensions.
Bloomberg, The New York Times, Fox News, Global News Toronto, Axios, The Wall Street Journal, KOTA, CNN, Supply Chain Dive, InsideClimate News