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Trump eyeing spring start for lumber tariffs; could new levy stack on current one?

  • U.S. President Donald Trump indicated that his administration is considering starting new lumber tariffs around April.
  • The Canadian forestry sector criticized the proposed tariffs as unnecessary since the U.S. Relies on Canadian lumber for 30% of its needs.
  • If the proposed tariff is added, total duties on softwood exports may reach 50-55%.
  • The U.S. Increased duties on softwood lumber imports from Canada from 8.05% to 14.54% in August 2024.
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BIV News broke the news in on Thursday, February 20, 2025.
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