Trump Orders Tariff Probe and Boosts Domestic Lumber Production
The president's actions aim to reduce reliance on imports, address national security concerns, and lower construction costs.
- President Trump signed an executive order to streamline permitting and increase domestic lumber production by salvaging more wood from forests and waterways.
- The administration claims the order will help prevent wildfires, improve wildlife habitats, and reduce housing and construction costs.
- Commerce Secretary Howard Lutnick has been directed to launch a Section 232 investigation into the national security risks of lumber imports, citing concerns about U.S. military and economic dependence on foreign timber.
- Potential tariffs of 25% on lumber imports, including products from Canada, Brazil, and Germany, are under consideration, adding to existing duties on Canadian softwood lumber.
- Critics, including home builders, warn that increased tariffs could raise lumber prices and exacerbate housing affordability issues.