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Days later, the trade group warned lumber costs would spike by 40% – even higher than the 25%, – if the tariff on softwood lumber products from Canada is imposed, because the tariffs would be ...
So, if there’s a 25 percent tariff on imported goods from Canada and an American homebuilding company wants to buy $200,000 of Canadian lumber, they’ll need to pay an additional $50,000 to ...
The tariffs were scheduled to take effect at 12:01 a.m. on ... The real-estate market is already struggling and many consumers are still reeling from the price surges lumber saw during the ...
The 25% tariff on softwood lumber comes on top of a 14.5% tariff already in place, ... The tariffs on Canadian imports will affect prices of a few other foods in particular.
Still, the slow U.S. housing market, dampened by mortgage rates that remain close to 7%, could make it hard for companies to pass on the new tariffs through higher lumber prices, some economists said.
The action, which is expected to take effect on Tuesday, includes a 25% duty on all imports from Mexico and most goods from Canada (there’s a 10% carve-out for energy-related items such as crude ...
Experts said they expect the prices of soft lumber and wallboard to rise if tariffs on Mexico and Canada take effect, since importers typically pass along a share of the cost of those higher taxes ...
And tariffs may also have some knock-on effects, Saunders noted. For example, domestic suppliers of materials are likely to raise their prices in line with those from tariff-affected countries ...