Trump's lumber and furniture tariffs to take effect
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Lumber, especially softwood lumber like pine and spruce, is critical to U.S. home construction. Its availability and price directly affect housing costs and broader economic activity in the building sector.
The tariffs he applied would likely make it too expensive to produce cars in Canada, Mr. Trump said during a meeting in May with Prime Minister Mark Carney of Canada. “We don’t really want cars from Canada.” Stellantis’s decision underscores the ...
The premier says in the letter that China's tariffs — widely seen as a response to Canada imposing the electric vehicle levy — have already caused a sharp drop in canola prices and that one vertically integrated pork producer in Manitoba is reporting a $19 million negative impact on an annual basis.
Canada’s economy remains overly reliant on the United States, Industry Minister Mélanie Joly warned, pledging to defend jobs in the nation’s export-driven auto sector and reduce exposure to U.S. policy shifts.
Ontario premier Doug Ford says there’s no way that Ottawa should drop tariffs on Chinese electric vehicles. The issue has divided some of Canada’s premiers, some of whom are seeking relief from tariffs which have hurt grain farmers.
President Donald Trump unveiled sweeping tariffs on imported lumber and wood products that his administration says are needed to protect the US economy and boost domestic manufacturing. Starting Oct.
Canadian manufacturing sales fell 1% in August, while wholesale receipts dropped 1.2%, underscoring the impact of US tariffs on key trade-exposed sectors.
New tariffs on imported wood and certain wood products took effect on Tuesday. Softwood timber and lumber are now subject to 10% tariffs under a proclamation signed by President Donald Trump last month.
Virginia Sen. Tim Kaine says he will introduce two separate bipartisan resolutions this week that would terminate the national emergencies that Trump declared to justify the tariffs he has imposed on Canada and Brazil. In April, four Republicans voted with ...
Canada's foreign minister Anita Anand's trip covers New Delhi, Mumbai, Singapore, and Hangzhou, where she is meeting counterparts from India and China to reduce friction and encourage investment and trade.
Canada’s EV tariffs are triggering Chinese retaliation and devastating canola exports, costing Canadian farmers billions in lost trade and income.