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After lumber prices surged in 2021 and 2022, the lumber industry responded by investing to increase production. Many lumber veterans saw a long-term opportunity for increased demand for their ...
Tariffs on lumber “increase the cost of ... estimating that a $50,000 U.S. made car could see its prices increase by $5,000 because of the tariffs. ... One Congressional report from June 2024 ...
In the last six months average lumber prices have ranged from $475 to $625 per thousand board feet, about one-third the peak in 2021. Trump has threatened to add 25% tariffs on goods from Mexico ...
As a result, the shortage and higher prices for lumber in 2021/2022 have increased inflationary pressures for American consumers. [ 51 ] On August 19, 2024, the US raised tariff rates on imports of Canadian softwood lumber products from 8.05% to 14.54%.
The US trade deficit widened to a record $945 billion in 2022, narrowed to $785 billion in 2023, but was expected to widen again in 2024 in part due to economic expansion and consumer demand, an ...
Lumber prices. Presently there is a healthy lumber economy in the United States, directly employing about 500,000 people in three industries: Logging, Sawmill, and Panel. [62] Annual production in the U.S. is more than 30 billion board feet making the U.S. the largest producer and consumer of lumber. [62]