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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 ...
The tariffs could also lead to price increases in various U.S. imports from Mexico and Canada, including fruits, vegetables, beer, liquor, and electronics from Mexico and potatoes, grains, lumber, and steel from Canada. [7] [53] Price increases would compound with high inflation in the U.S., especially in grocery prices. [53]
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 ...
Lumber One-third of the softwood lumber used in the U.S. comes from Canada . In 2023, the U.S. imported 28.1 million cubic meters of wood used in residential and commercial construction.
Parsons said that for the average household, that 1.3% increase in the CPI would likely increase expenses by about $1,000, and those expenses could rise relatively quickly in some cases.
The price of coffee rose more than 80% in 2024, according to The Wall Street Journal, surpassing a record set in 1977. And with concerns brewing about a weak 2025 harvest in Brazil, prices could ...
One food import that American consumers could see a significant price increase in is avocados. Grown primarily in Mexico due to its warm, humid climate, Mexican avocados make up nearly 90% of the ...
Gas and energy prices fluctuate often, and 2025 will be no exception. In fact, the U.S. natural gas price forecast looks to be going up, according to Diversegy. ... 4 Bills the Middle Class Should ...