U.S. imposes tariffs on lumber imports from Canada, Mexico and China
Release time:February 2, 2025
according toReutersU.S. President Donald Trump announced on Saturday that he would impose tariffs on imports from Canada, Mexico and China, citing the national emergency of fentanyl and illegal immigration. The new tariffs will take effect on Tuesday, February 4.
Specifically, Canadian and Mexican imports will face tariffs of 25%, while Chinese goods will be subject to tariffs of 10% (in addition to existing tariffs). However, Canadian energy products will enjoy a reduced tariff of 10%, while Mexican energy imports will be subject to the full tariff of 25%.
The White House announcement noted that the tariffs would remain in effect until "the crisis is alleviated," but did not specify what actions the three countries would need to take to receive relief.
According to Trump's written order, the tariffs will begin at 12:01 a.m. Eastern Standard Time on February 4. However, goods that were already in transit before 12:01 a.m. Eastern Standard Time on February 1 will be exempt from the tariffs.
LumberFlow Expert Interpretation
The additional tariffs imposed by the United States on imported timber and other products will have a profound impact on Chinese timber importers. First, the increase in tariffs may lead to a direct increase in timber costs, which will cause price fluctuations. To ensure a stable supply, importers need to consider timely procurement to avoid supply chain risks caused by tariffs. Second, market uncertainty may prompt importers to seek more alternative sources to reduce dependence on a single market. In short, importers should pay close attention to market dynamics and reasonably adjust their procurement strategies to cope with the upcoming market changes.