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Stock impact report

Why Trump's new timber tariffs could raise the price of US housing [Yahoo! Finance]

West Fraser Timber Co. Ltd Common stock (WFG) 
Company Research Source: Yahoo! Finance
warn the move could drive up construction costs and furniture-industry advocates said the levies would lead to U.S. job losses. The tariffs add to Trump's larger trade wars that have swept across industries and individual countries. They may, however, prove more legally durable than Trump's reciprocal country-by-country penalties because they fall under Section 232 of the Trade Expansion Act , the same legal tool the White House has used to justify duties on steel and aluminum. Details of new lumber tariffs The tariffs include a 10% duty on lumber and timber, plus a 25% tariff on upholstered wood products such as kitchen cabinets and vanities, effective as of mid-October . Certain rates are set to climb even higher on January 1, with some furniture imports facing taxes of up to 50%. The measures hit Canada especially hard because the country already faces duties of more than 35%, a result of recent but separate trade initiatives. Publicly traded lumber producers most directly Show less Read more
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