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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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The Toronto StarThe Toronto Star

As Trump flags timber tariffs soon, B.C. minister says impact would be ‘devastating’

VICTORIA - B.C.'s Forests Minister Ravi Parmar says the expectation of more duties and additional tariffs piled onto Canadian softwood lumber would "absolutely be devastating" for the country's industry.

·Toronto, Canada
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grandforksgazette.cagrandforksgazette.ca
+8 Reposted by 8 other sources

Lumber tariff of 25% in April latest on list of looming US trade barriers

Trump floated idea Wednesday, if stacked on existing duties would mean levy to Canada of over 50%

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City NewsCity News

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

The list of potential American tariffs that could affect Canada grew Wednesday night when U.S. President Donald Trump dropped the idea of a 25 per cent levy on lumber and forest products. Speaking to the media onboard Air Force One, Trump said his administration was eyeing some time around April for the latest announced duty. […]

·Toronto, Canada
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Sask TodaySask Today
+12 Reposted by 12 other sources

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

The list of potential American tariffs that could affect Canada grew Wednesday night when U.S. President Donald Trump dropped the idea of a 25 per cent levy on lumber and forest products.

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aktuality.skaktuality.sk

President Trump plans to announce new tariffs on wood. Americans will also impose tariffs on lumber and wood products

US President Donald Trump's plans to impose new tariffs on a variety of products including cars, semiconductors, pharmaceuticals and, most recently, timber have the potential to significantly dampen international trade.

·Bratislava Region, Slovakia
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BIV News broke the news in on Thursday, February 20, 2025.
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