Canadian lumber hit with new 10% Trump tariff, sector calls it ‘misguided’
NegativeU.S News

The Canadian lumber industry is facing a new 10% tariff imposed by the Trump administration, which has been labeled as 'misguided' by sector leaders. This tariff, effective from October 14, will significantly impact the cost of kitchen cabinets and vanities, with rates set to soar to 50% by January 1 unless a trade agreement is reached. This situation is crucial as it not only affects the lumber sector but also has broader implications for construction and home improvement industries, potentially leading to higher prices for consumers.
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