50% tariff on Canadian goods takes effect, raising lumber prices

By Morgan Riddell
Associated Press in KCTV News 5
August 24, 2026
Category: Finance & Economics
Region: Canada, United States

KANSAS CITY, Missouri — A 50% tariff on goods coming from Canada is officially in effect after negotiations crumbled over the weekend, putting a higher price on a large list of imports including lumber and plywood. Pete Peterson, manager at Sutherlands, said prices went up as soon as the news hit. “We don’t want to raise the prices, but we’re just kind of forced to”. Peterson has worked at Sutherlands for over a decade and has seen tariff impacts before. …“Once it’s landed here, it is what it is. Prices are adjusted to what the future prices are going to be. So homeowners, they’re doing less remodeling and stuff.” …“Spring and fall are your renovation times for outdoor projects and stuff. We’re seeing a definite slowdown and people’s need for just everyday projects. Decks, fixing barns, whatnot. Construction, that’s year-round. But homeownership, that’s where our type of business really feels it.”

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