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Canadian lumber hit with new 10% Trump tariff, sector calls it ‘misguided’
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Send this page to someone via emailU.S. President Donald Trump issued new tariffs on Monday evening that could add further pressure on Canadian producers of softwood lumber and furniture.
A new presidential proclamation sets out a 10 per cent duty on imports of softwood timber and lumber, along with a 25 per cent levy on imports of kitchen cabinets and vanities — both parts and completed models — and other upholstered wooden products.
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Sign up for breaking National newsletter Sign Up By providing your email address, you have read and agree to Global News' Terms and Conditions and Privacy PolicyThe tariffs will take effect Oct. 14, with the rate applied to kitchen cabinets and vanities set to jump to 50 per cent on Jan. 1 unless countries reach a deal with the U.S.
The British Columbia Lumber Trade Council says the new tariffs are “misguided and unnecessary” and will drive up lumber costs, making housing less affordable for American families.