Fate of Trump's Timber Tariffs
The fate of Trump's timber tariffs hinges on the Douglas fir forests in the Pacific Northwest, which are central to the president's bid to halt wood imports.
The tariffs, which took effect Tuesday, aim to reduce the country's reliance on foreign lumber. According to Sara Duncan, communications director for the Oregon Forest Industries Council, "Should the federal government get serious about reducing imported wood, Oregon and Washington would absolutely play a significant role."
Should the federal government get serious about reducing imported wood, Oregon and Washington would absolutely play a significant role.
- The 10 percent tariff on imported wood and timber
- Tariffs of 25 percent on finished products such as upholstered furniture and kitchen cabinets
Analysts say the tariffs will make houses more expensive to build, at least in the short term.
Author's summary: Trump's timber tariffs rely on Pacific Northwest forests.