Trump expects 25% tariffs on imported timber from April

U.S. President Donald Trump announced plans to impose a 25% tariff on lumber and forest products, set to take effect around April 2, coinciding with similar tariffs on imported cars, semiconductors, and pharmaceuticals. He indicated that these tariffs are part of a broader strategy to generate substantial revenue for the U.S., while also providing an opportunity for other countries to alleviate their tariffs on American goods to avoid the new duties. Trump's recent trade measures come in the wake of his administration's previous tariffs on imports from China and other nations, raising concerns about potential international backlash. The Canadian forestry sector has expressed that the proposed tariffs are unnecessary, given the U.S. reliance on Canadian lumber to meet domestic needs. Experts predict that these tariffs could significantly increase the costs of timber products, with low-income Americans likely to be disproportionately affected. The ongoing tariff discussions reflect Trump's aggressive trade policy aimed at reshaping international trade dynamics.