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Stock impact report

Trump Sets Lumber, Wood Tariffs in Bid to Boost US Industry [Yahoo! Finance]

West Fraser Timber Co. Ltd Common stock (WFG) 
Company Research Source: Yahoo! Finance
and upholstered wood products, marking his latest bid to use import taxes to shore up domestic manufacturing. The tariffs are set to apply from Oct. 14, with some increases targeted to take effect Jan. 1, according to a proclamation signed Monday. They follow a Commerce Department investigation into imports of lumber, timber and derivative projects that was launched in March. Most Read from Bloomberg Why US Cities Pay Too Much for Transit Buses For Lovers of Brick, Chicago Is a Wonderland After the Pandemic ‘Reset Button,' Downtowns Reinvent Themselves Trump Housing Agency Removes Lawyers Who Filed Whistleblower Report Trump said the planned actions will “strengthen supply chains, bolster industrial resilience, create high-quality jobs and increase domestic capacity utilization for wood products.” Yet home builders have warned they also could deter investments in new houses and renovations. That could blunt the effectiveness of Trump's high-profile campaign to boost ho Show less Read more
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