On Monday, President Donald Trump said that his tariffs on Canada and Mexico are starting next month, ending a monthlong suspension, AP reported.
News in lumber
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%.
US Imposes 25% Tariffs on Imported Products From Canada and Mexico and 10% Tariff on China
President Trump announced that he is imposing tariffs on imports from Canada, Mexico, and China, Reuters reported. The new tariffs take effect on February 4.
Southern Pine Exports Fall 2% in November
Southern pine lumber exports declined 15.3% year-over-year and declined 2% month-over-month in November, the USDA and SFPA reported.
Canadian Industrial Product and Raw Materials Price Indices for December
Lumber and other wood products prices increased 1.3% in December, the fifth straight monthly increase for the product group.