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US President Imposes Measures to Boost Lumber Supplies and Curb Wood Imports

The US government has taken actions to increase domestic lumber production and curb wood imports, aiming to streamline the permitting process and potentially lower housing and construction costs. The executive order signed by President Trump would allow more timber to be salvaged from forests and expand the sale of wood products. This move is seen as a response to perceived national security risks posed by subsidized lumber exports from countries such as Canada, Brazil, and Germany.

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Boosts Lumber Supplies and Curbs Wood Imports Δ1.96

President Donald Trump has signed two actions aimed at increasing domestic lumber production and reducing reliance on foreign imports. These moves are part of a broader strategy to reduce the United States' dependence on imported lumber, with the goal of boosting domestic supply chains and supporting national security. The executive order also aims to streamline the permitting process for wood products and promote more efficient use of forest resources.

Lumber Under Siege: Trump Orders Investigation Into National Security Harm Δ1.89

US President Donald Trump is ordering the Commerce Department to launch an investigation into the national security harm posed by lumber imports, laying the legal groundwork for new tariffs he’s pledged. The investigation will examine whether exporters like Canada, Germany, and Brazil are dumping lumber into US markets at the expense of American economic prosperity and national security. Officials will also investigate foreign government subsidies, predatory trade practices, and derivative products that may be artificially depressing the price of goods like kitchen cabinetry.

Trump Orders New Tariff Probe Into US Lumber Imports Δ1.87

U.S. President Donald Trump has ordered a new trade investigation that could heap more tariffs on imported lumber, adding to existing duties on Canadian softwood lumber and 25% tariffs on all Canadian and Mexican goods due next week. The probe covers derivative products made from lumber, including furniture such as kitchen cabinets, which could include U.S.-made lumber exported abroad. The investigation would expedite the Commerce Department's review, but no specific timeline has been set.

Trump Threatens Tariffs on Canadian Lumber and Dairy Products Δ1.84

The US President has announced that he could impose tariffs on Canadian lumber and dairy products as soon as today, just two days after pausing tariffs on goods and services compliant with the USMCA. This move comes amid tensions surrounding executive power, accountability, and the implications of Trump's actions within government agencies. The ongoing trade dispute between the US and Canada is having far-reaching consequences for industries and consumers across North America.

Trump Threatens Canada with Tariffs on Dairy and Lumber Δ1.83

U.S. President Donald Trump has announced plans to impose tariffs on Canadian dairy and lumber products in response to what he describes as "tremendously high" tariffs imposed by Canada. The move is part of a broader trade dispute between the two countries, with Trump accusing Canada of unfairly targeting American industries. The Trump administration is also seeking to increase its share of the market for these commodities.

Trump Says Canada May Soon Get Reciprocal US Tariffs on Dairy, Lumber Δ1.81

The U.S. President's threat to impose reciprocal tariffs on Canadian dairy and lumber is a response to what he calls "tremendously high" tariffs imposed by the Canadian government, sparking concerns about trade tensions between the two nations. Trump has already suspended tariffs on certain goods from Canada and Mexico in an effort to help automakers, but warned that reciprocal tariffs would be implemented if Ottawa drops its current rates. The move is part of a broader campaign by Trump to pressure the Canadian government into changing its trade policies.

Trump Plans Executive Order to Strengthen US Shipbuilding, Blunt China Domination Δ1.81

The U.S. plans to reduce China's grip on the $150 billion global ocean shipping industry through a combination of fees on imports and tax credits for domestic shipbuilding. President Donald Trump is drafting an executive order to establish a Maritime Security Trust Fund as a dedicated funding source for shipbuilding incentives. The initiative aims to strengthen the maritime industrial base and replenish American maritime capacity and power.

Trump Will Splinter World’s 'China Plus One' Plans Δ1.79

Donald Trump is intensifying efforts to cut imports from China, aiming to establish self-sufficiency in key sectors and reduce reliance on the world's second-largest economy. His administration has already imposed significant new tariffs and is targeting backdoor trade routes that companies have utilized to circumvent previous restrictions. This shift signals potential upheaval in global supply chains, particularly for nations like Vietnam that have benefited from the "China plus one" strategy.

US Import Taxes of More Than 50% May ‘Ravage’ Canadian Lumber. Δ1.79

The US Department of Commerce's proposed increase in anti-dumping duties on Canadian softwood lumber to 20.07% has raised concerns about the industry's future and potential increases in US homebuilding costs. The move is seen as a response to Canada's alleged subsidies for its loggers, which has been a decades-old irritant in the trade relationship between the two countries. If all of these taxes are imposed, it could have devastating consequences for Canadian lumber companies.

US Autos, Homebuilders, Materials Take Hits as Trump Trade War Kicks Off Δ1.79

Shares of U.S. companies have come under pressure from the latest escalation in Washington's trade war, with the newest tariffs on Canada and Mexico expected to hit earnings in several sectors, including automakers, retailers and raw materials, due to disruptions in global supply chains and increased costs for imported goods.President Donald Trump imposed 25% tariffs on imports from Mexico and Canada, effective Tuesday, while doubling duties on Chinese imports to 20% to punish Beijing over the U.S. fentanyl overdose crisis.The cumulative duty comes on top of up to 25% tariffs imposed during his first term.

China Hits US Soybean Firms, Halts Lumber Imports as It Steps Up Retaliation Against Trump Tariffs Δ1.79

China has suspended the import licenses of three U.S. soybean firms and halted U.S. lumber imports as part of its retaliation against recently imposed U.S. tariffs. This escalation follows the U.S. decision to levy additional duties on Chinese goods, prompting China to impose tariffs on a range of U.S. agricultural products. The actions reflect the ongoing trade tensions and highlight the vulnerabilities in agricultural trade, particularly affecting U.S. farmers who rely heavily on exports to China.

Trump Set to Plow Ahead with New Tariffs that Could Surpass What He Did in His Entire First Term. Δ1.79

The latest round of tariffs from President Trump is expected to have a significant impact on the US economy, potentially causing a sharper decline in GDP than his previous tariffs. The proposed duties on Canada and Mexico alone are projected to surpass the economic toll of his entire first term if kept in place. This could lead to increased costs for American households, with estimates suggesting an additional $1,000 per household.

US Autos, Homebuilders, Materials Take Hits as Trump Trade War Kicks Off Δ1.79

Shares of U.S. companies have come under pressure from the latest escalation in Washington's trade war, with the newest tariffs on Canada and Mexico expected to hit earnings in several sectors, including automakers, retailers and raw materials. President Donald Trump imposed 25% tariffs on imports from Mexico and Canada, effective Tuesday, while also doubling duties on Chinese imports to 20%. The cumulative duty comes on top of up to 25% tariffs imposed during his first term.

Trump Plows Ahead with New Tariffs that Could Surpass What He Did in His Entire First Term. Δ1.79

Donald Trump's latest tariff deadline arrives tonight, with potential new duties on America's top three trading partners starting tomorrow morning. The promises could match or surpass the economic toll of his entire first term if he keeps them in place. The president is imposing 25% duties on Canadian and Mexican imports following a 30-day pause, and also implementing a second round of 10% duties on Chinese imports to increase the blanket tariffs on that nation to 20%.

Trump Hits Pause on Tariffs - but Still Sees Them as Vital Tool Δ1.78

The White House is committed to using tariffs as a means to reshape America's relationship with its global partners, despite recent back-and-forth with Canada and Mexico. The administration views tariffs as a key tool for re-ordering the international trading system to advance American interests. Despite short-term economic harm, Trump believes the long-term benefits outweigh the costs.

Trump Imposes Tariffs on Canada, Mexico with "No Room Left" For Delay. Δ1.78

US President Donald Trump is reshaping the country's trade policy using one of his preferred economic tools: tariffs. The imposition of 25% across-the-board tariffs on its US neighbors starting today marks a significant escalation in trade tensions. Trump's decision to impose tariffs on Canada and Mexico without negotiating with them signals a shift towards protectionism.

President Trump Addresses Congress Amid Trade Tensions and Ukraine Aid Pause Δ1.78

The speech by President Donald Trump follows a tumultuous term marked by efforts to stretch presidential limits, slash federal bureaucracy, impose steep tariffs on allies, and pause military aid to Ukraine. Trump is expected to use his speech to laud his rapid-fire efforts to reduce the size of the federal bureaucracy, reduce migrant flow over the U.S.-Mexico border, and his use of tariffs to force foreign nations to bow to his demands. The event promises to have a raucous element with Republican lawmakers cheering on Trump and Democrats expressing their opposition to what he lists as his achievements.

Trump's Shipbuilding Plan Could Upend Ocean Cargo Industry, Companies Warn Δ1.78

The levies could hit virtually every ship calling at U.S. ports, foist up to $30 billion of annual costs on American consumers and double the cost of shipping U.S. exports, according to the World Shipping Council (WSC), which represents the liner shipping industry. Trump's administration aims to pay for an American shipbuilding comeback with help from potentially hefty port fees on Chinese-built vessels as well as ships from fleets with China-made vessels. This policy could have far-reaching consequences for global trade and consumer prices.

Trump to Create Office of Shipbuilding, Offer Tax Incentives Δ1.78

The Trump administration is taking steps to revive U.S. shipbuilding by creating an office of shipbuilding in the White House and offering new tax incentives for the sector. The move comes amid growing concerns about China's dominance of the global maritime industry and the need to support American shipbuilding. By reviving the industry, the U.S. aims to reduce its reliance on foreign countries for naval vessels.

Tariffs Take Aim: Trump's Trade Posturing Sparks Global Uncertainty Δ1.77

US President Donald Trump is aiming to reshape the country's trade policy using one of his preferred economic tools: tariffs. Here's where things stand with various US trade partners: China: Duties on China went into effect in early February, and China retaliated. Beijing on Friday reportedly vowed to use all necessary countermeasures to the additional 10% tariff on Chinese imports Trump plans to impose in March. Canada and Mexico: After reneging on plans earlier this month, Trump has once again threatened to impose 25% across-the-board tariffs on US neighbors Canada and Mexico.

US Trade Threats Compound Global Ocean Shipping Uncertainty Δ1.77

The global ocean shipping industry that handles 80% of world trade is navigating a sea of unknowns as U.S. President Donald Trump stokes trade and geopolitical tensions with historical foes as well as neighbors and allies, raising alarms among experts who call protectionist moves by the US 'unprecedented'. Global shipping rates soften, weakening carriers' hand as contract renegotiation begins, but the situation underscores the fragility of global supply chains, particularly in the aerospace industry. The outcome of Trump's trade threats could have far-reaching implications for the global economy and international trade.

The Trump Administration's Tariff Tactics Undermine Global Trade Confidence Δ1.77

Business executives have been in a state of limbo over Donald Trump's fluctuating plans to impose major tariffs since he took office in January. Tuesday's announcement does not end that uncertainty. U.S. President Trump announced Tuesday he would impose 25% tariffs on the nation's two largest trade partners, Canada and Mexico, a move that economists expect will add to costs for U.S. companies that will bear the cost of those tariffs.

Trump Alerts American Farmers to External Tariffs April 2. Δ1.77

President Donald Trump's announcement of impending U.S. tariffs on "external product" has significant implications for America's farmers, who must now adapt their sales strategies to domestic markets. This shift is likely to result in increased domestic production and potentially alter the global agricultural trade landscape. As a result, American farmers will need to reassess their business models and invest in domestic infrastructure.

Trump Moves Quickly to Redefine America Δ1.77

The White House has accelerated its legislative agenda in recent weeks, with President Trump addressing France, Britain, Ukraine, and taking steps towards a potential government shutdown. Trump's rapid-fire approach to policy changes has raised concerns among critics that something might get broken in the process. The President's Joint Address to Congress next week is expected to be a pivotal moment in his legislative agenda.

Trump Hails Tariffs as US Economy Barrels Into Trade Wars Δ1.77

The US economy is facing significant uncertainty under President Donald Trump's policies, which have been accompanied by warning signs about inflation, factory activity, and consumer confidence. The president's address to Congress highlighted his defense of tariffs as a means to rebalance trading relationships he deemed unfair. However, the long-term implications of this strategy on the economy remain uncertain.