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News in English (USA) / 02.03.2025 / 04:00

Trump Initiates Tariff Investigations on Lumber Imports Amid Trade Battles

In a recent series of actions, President Trump has ordered investigations into lumber imports, specifically targeting alleged dumping practices that affect the domestic market. As part of his strategy to increase U.S. timber production and reduce reliance on Canadian timber, Trump is pushing for tariffs that could reach 25% on lumber and forest product imports. This move has raised concerns among builders and homeowners who fear that such tariffs could lead to increased prices and a significant impact on the housing industry. The Canadian lumber sector is also bracing for potentially devastating effects from these proposed tariffs, as the U.S. stands firm on its investigations and strategies to boost domestic lumber supply.
The New York Times, Axios, Bloomberg, Financial Times, Cowboy State Daily, The Indian Express, Wood Central, MortgagePoint, woodworkingnetwork.com, Lesprom Network