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February 26, 2025

Tariffs on Canadian lumber are ‘going forward’

U.S. President Donald Trump announced that tariffs on Canada and Mexico will take effect next month, ending a temporary suspension that had left businesses uncertain about trade policy. Among the industries facing significant impact is the Canadian forestry sector, which is bracing for a potential 25% tariff on its lumber exports to the United States. Speaking at a White House news conference with French President Emmanuel Macron, Trump confirmed that the tariffs are on schedule to begin as soon as April. "The tariffs are going forward on time, on schedule," he stated, emphasizing that his broader strategy of ...

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