Washington, March 2 – Former U.S. President Donald Trump has ordered an investigation into U.S. lumber imports, a move that could lead to additional tariffs on Canadian wood products. The decision has raised concerns about escalating trade tensions between the two nations.
The probe aims to assess whether Canadian lumber imports are harming U.S. producers by allegedly benefiting from unfair trade practices. If the investigation supports such claims, it could result in increased duties on Canadian wood, impacting the multi-billion-dollar lumber trade between the two countries.
Canada, a major supplier of softwood lumber to the U.S., has repeatedly opposed American tariffs, arguing they are unjustified and violate trade agreements. Industry experts warn that further tariffs could drive up housing costs in the U.S. and strain economic ties with Canada.
The outcome of the probe could significantly impact North American trade dynamics. More details are expected as the investigation progresses.