The preliminary determinations do not have any impact on current duties or cash deposit rates.
Wood Markets News
President Trump Confirms 25% Tariffs on Canadian and Mexican Imports Start March 4
Trump said on Monday that 25% tariffs on imports from Mexico and Canada would start Tuesday, March 4, the AP reported.
Crews Battle Fire at West Fraser’s Riegelwood, NC, Sawmill
Crews responded to stubborn fire at West Fraser’s Riegelwood, North Carolina, sawmill on Saturday, Columbia Country News reported.
US Construction Spending Slips 0.2% in January
Total construction spending during January was at a seasonally adjusted annual rate of $2,192.5 billion, 0.2% below December.
BC Announces Plans to Accelerate Fiber Recovery and Reduce Wildfire Risk
BC said workers and communities are beginning to benefit from Forest Enhancement Society of BC projects that reduce wildfire risk and increase fiber supply.
Brazilian Exports of Wood-Based Products Decline in January
Brazilian exports of wood-based products (except pulp and paper) decreased 10% in value year-over-year in January, the ITTO reported.
US Commerce Secretary Says Tariffs on Canada and Mexico Will Begin March 4, But Rate May Change
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.
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.
US Home-Purchase Agreements Fall Through at an Elevated Rate in January
41,000 home-purchase agreements fell through in January, equal to 14.3% of the homes that went under contract during the month, Redfin reported.
Canadian Real GDP Increases 0.6% in Q4
Real GDP increased 0.6% on a quarterly basis in Q4, after increasing 0.5% in Q3.