Reported 1 day ago
President Donald Trump has ordered the Commerce Department to investigate the impact of lumber imports on national security as a precursor to possible new tariffs. The inquiry will focus on whether countries like Canada and China are engaging in unfair trade practices that harm American economic interests. Trump is considering imposing a 25% tariff on lumber and aims to streamline timber harvesting regulations, while also addressing ongoing trade tensions with Canada over softwood lumber.
Source: YAHOO