Reported about 7 hours ago
The U.S. plans to impose significant import taxes, totaling 52%, on Canadian lumber products, raising concerns over the impact on the industry and potential increases in U.S. homebuilding costs. With the announcement of nearly tripling anti-dumping duties on Canadian softwood lumber and a subsequent confirmation of tariffs by President Trump, fears grow that these levies could severely harm the Canadian forestry sector. Analysts warn that if the taxes are implemented, many Canadian mills could face financial difficulties, ultimately leading to higher home construction costs in the U.S.
Source: YAHOO