US suspends lumber import tariffs on Canada and Mexico for 30 days: supply chain risks and price volatility

US President Trump announced a 30-day suspension of lumber import tariffs on Canada and Mexico. This decision will affect the price stability and supply chain risks of the lumber market, which is particularly important for Chinese importers.

U.S. suspends lumber import tariffs from Canada, Mexico for 30 days

according toAssociated PressAccording to reports, on February 3, 2025, US President Donald Trump announced that tariffs on Canada and Mexico would be suspended for 30 days after the two countries agreed to strengthen border security measures.

Trump on Saturday ordered tariffs of $251,000 on most imports from Canada and Mexico, and $101,000 on Canadian energy products, which were due to take effect at midnight on Tuesday.

Separately, the 10% tariffs against China are still set to take effect as planned on Tuesday, despite Trump’s planned conversation with Chinese President Xi Jinping in the coming days.

Potential impact on the timber import industry

The decision to suspend tariffs could have a significant impact on the timber market, especially for Chinese timber and log importers. In the current global supply chain, the fluctuation of tariffs directly affects the stability of timber prices and supply.

LumberFlow Expert Interpretation

The suspension of U.S. tariffs on Canada and Mexico may reduce the cost pressure faced by Chinese importers when purchasing timber. This move will not only help stabilize price fluctuations in the timber market, but may also reduce supply chain risks and ensure the stability of timber supply. In future purchasing decisions, Chinese importers need to pay attention to the dynamics of the U.S.-China trade negotiations so as to adjust their purchasing strategies in a timely manner and ensure the security of their own supply chains.

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