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February 21, 2025

Trump set to impose 25% tariffs on lumber from worldwide exporters in the coming weeks

U.S. President Donald Trump revealed on Wednesday that the U.S. is preparing to add a new wave of tariffs on lumber and other forest products, joining his broader strategy to levy duties on imports from multiple countries. This latest move, which could see tariffs of up to 25% on lumber, is expected to take effect as soon as April 2, alongside a similar tariff on imported automobiles. Speaking from Air Force One as he returned to Washington after a speech in Miami, Trump confirmed that lumber will be among the next targets of U.S. tariffs. “We ...

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