Lutnick confirmed that tariffs on Canada and Mexico will start March 4, but said Trump will determine whether to stick with the planned 25% level, Reuters reported.
News in lumber
President Trump Orders Investigation Into Lumber and Timber Imports Ahead of Tariffs
Trump ordered the Commerce Department to launch an investigation into the national security harm posed by lumber imports, Bloomberg reported.
President Trump Says Tariffs on Canada, Mexico, and China Will Be Implemented on March 4
Posting on Truth Social, Trump said he plans to impose 25% tariffs on Canada and Mexico starting March 4, the AP reported.
President Trump Says Tariffs on Canada and Mexico “Going Forward” as Planned
On Monday, President Donald Trump said that his tariffs on Canada and Mexico are starting next month, ending a monthlong suspension, AP reported.
US Dept. of Commerce Initiates Seventh Administrative Review of Duties on Canadian Softwood Lumber Products
On February 21, the US Department of Commerce initiated the seventh administrative reviews of the antidumping and countervailing duty orders for certain softwood lumber products from Canada.
Southern Pine Lumber Exports Fall 2.2% in December
Southern pine exports (both treated and untreated) totaled 565.7 MMBF in 2024, an 11% increase compared to 2023, the SFPA and USDA reported.
Canfor Opens New State-of-the-Art Sawmill in Axis, AL
Canfor Southern Pine recently held an opening ceremony for its new $210 million state-of-the-art sawmill complex in Axis, Alabama, WALA reported.
US to Pause Tariffs on Canada and Mexico for 30 Days
President Trump announced he would pause implementation of tariffs on Mexico and Canada for 30 days, AP reported.
Southeast Timber Products Announces $120 Million Expansion of Its Ackerman, MS, Sawmill
Southeastern Timber Products plans to invest more than $120 million to expand its sawmill in Ackerman, Mississippi, WTVA reported.
Canadian Sawmill Production and Shipments Decline in November
Canadian lumber production declined 6.0% to 3,996.8 thousand cubic meters. Year-over-year, production was down 10.9%.