Jan 16, 2025
BC Projects $69 billion Economic Loss From Proposed US Tariffs By 2028
Lesprom Network
Experts indicate that the tariffs could disrupt the U.S. lumber supply chain. Rajan Parajuli, an NC State University professor, highlights that Canada exported 28.1 million m3 of softwood lumber to the U.S. in 2023, mainly for construction. The proposed tariff would add a 25% tax on these imports, likely raising U.S. domestic lumber prices and affecting the housing market by increasing building material costs.