Latest Trump Tariffs Scaring Ontario Wood Manufacturers, Group Says
4 Articles
4 Articles
How Trump’s New Tariffs on Lumber Could Impact Canada
U.S. President Donald Trump has released details on a new series of tariffs, including levies on softwood lumber that could have serious effects on Canada’s lumber industry. Trump signed a proclamation on Sept. 29 that puts 25 percent tariffs on kitchen cabinets, bathroom vanities, and upholstered furniture, building on a promise he made last week. The proclamation also puts 10 percent tariffs on imports of timber and lumber, and does not mentio…
Troutman Pepper Locke | Tariffs Imposed on Timber, Lumber, and Derivative Wood Products | European American Chamber of Commerce New York [EACCNY] | Your Partner for Transatlantic Business Resources
On September 29, the White House issued a proclamation (Proclamation) invoking Section 232 of the Trade Expansion Act (Act) to impose tariffs on certain imports of timber, lumber, and derivative wood products into the United States. This action is a response to a U.S. Commerce Department investigation, which found that rising import volumes, supported by foreign subsidies and unfair trade practices, are burdening the U.S. wood products industry.…
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