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Trump says he will impose 25% tariffs on all Canadian imports unless Ottawa boosts border security. On Tuesday, the president-elect floated the idea of turning Canada into a U.S. state.
Donald Trump’s plan to raise federal revenue using tariffs will likely drive up prices for construction materials ... including the framing lumber for homes, came from Canada, and more than half ...
If Trump tacks on 25% tariffs on top of that, import levies on Canadian lumber overall could top 50%. The U.S. consumes roughly 50 billion board feet of wood a year, most of that for new ...
If Trump follows through on his tariff plan, the price of lumber imported from Canada could go up—and, in turn, that could increase construction costs in the U.S., O’Halloran says.
Canada could impose countermeasures on up to C$150 billion ($105 billion) worth of U.S. imports if President-elect Donald Trump puts tariffs on Canadian goods and services, a source familiar with ...
Trump said the tariffs would be imposed due to Chinese theft of U.S. intellectual property. [126] Trump said his planned tariffs on Chinese imports would make the United States "a much stronger, much richer nation". [127] However, the steps toward imposing the tariffs led to increased concerns of a global trade war. [126]
In 1996, the United States and Canada reached a five-year trade agreement, The Softwood Lumber Agreement, officially ending Lumber III. Under its terms, Canadian lumber exports to the United States were limited to 14.7 billion board feet (34.7 million cubic meters) per year. However, when the agreement expired on April 2, 2001, the two ...
Donald Trump has proposed tariffs on China, Mexico and Canada - which provide a host of goods to the U.S. such as toys, lumber and food (AFP via Getty Images) Crude Oil