US President Donald Trump has announced that lumber is set to join other goods facing tariffs, potentially hitting prices for builders and consumers. The move could raise significant revenues for the US government.
According to reports, a 25% tariff on lumber is expected in early April. This decision comes as part of ongoing trade tensions with countries like China.
Trump believes that these tariffs will have a positive impact on the economy, generating substantial revenue for the US.
Source: https://www.reuters.com/world/us/trump-says-he-will-announce-range-tariffs-over-next-month-or-sooner-2025-02-19