The recent implementation of tariffs on imported lumber and furniture is causing a mix of hope and fear among various stakeholders in the U.S. economy. While some in the lumber and furniture sectors believe these tariffs may support local industries, experts warn they could significantly raise costs for homebuilding and renovations, potentially plunging the Canadian housing market into crisis. Softwood lumber producers are bracing for impact, as U.S. tariffs now exceed those on products from other countries, including Russia. Consumers and businesses are also preparing for increased prices on furniture items such as kitchen cabinets and vanities. Industry representatives have expressed concerns over the long-term effects of these changes, stressing that higher costs may hinder housing market growth and renovations. Relief measures have been suggested for those affected within the softwood sector, but uncertainty remains regarding the overall economic impact.