Trump Orders Lumber Import Investigation, Paving Way for Potential Tariffs
The executive actions aim to boost domestic timber production and address national security concerns tied to foreign lumber imports.
- President Trump signed executive orders directing the Commerce Department to investigate the impact of lumber imports on U.S. national security under Section 232 of the Trade Expansion Act of 1962.
- The investigation will assess whether countries like Canada, Brazil, and Germany are engaging in predatory trade practices, including subsidized lumber exports and dumping goods into U.S. markets.
- Trump has floated the possibility of a 25% tariff on lumber imports, which would be added to existing duties, raising concerns about higher construction and housing costs.
- The orders also call for streamlining timber production on public lands by reducing regulatory barriers and expediting permits to increase domestic lumber supply.
- Critics, including homebuilders, warn that additional tariffs could exacerbate housing affordability issues, as the U.S. remains reliant on imported lumber to meet demand.