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March 8, 2025

Trump delays tariffs on Canadian lumber

On Thursday, President Trump temporarily suspended the 25% tariffs he imposed earlier this week on imports from Canada, including softwood lumber. The exemptions will remain in place until April 2, when Trump has threatened to impose reciprocal tariffs on all U.S. trading partners. Initially, the tariffs were set to affect a wide range of goods, with an exemption for Mexico mentioned earlier in the day. However, after signing the amendment later in the afternoon, Trump extended the exemption to Canada as well. This move offers a brief reprieve to Canada’s lumber industry, which has faced ongoing challenges ...

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