The President on Saturday signed an executive order to expedite logging on federal lands and launched an investigation that could lead to higher tariffs on Canadian softwood lumber.
The executive order, titled Immediate Expansion of American Timber Production, directs federal agencies to streamline the permitting process for timber harvesting on public lands. Alongside this initiative, the president instructed Commerce Secretary Howard Lutnick to initiate a Section 232 investigation into the national security implications of lumber imports.
Canadian softwood lumber imports to the U.S. are already subject to a 14.5% combined tariff, including both anti-dumping and countervailing duties. A proposed 25% tariff increase, if implemented, would raise the total levy to nearly 40%, potentially leading to higher lumber prices and construction costs across the country.
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