Trump’s new timber tariffs could drive up housing costs

By Catherine Baab
Quartz Media
September 30, 2025
Category: Finance & Economics
Region: Canada, United States

President Trump ordered fresh tariffs on softwood timber, lumber, and wood furnishings, even as housing groups warn the move could drive up construction costs and furniture-industry advocates said the levies would lead to US job losses. The tariffs may, however, prove more legally durable than Trump’s reciprocal country-by-country penalties because they fall under Section 232 of the Trade Expansion Act, the same legal tool the White House has used to justify duties on steel and aluminum. …The measures hit Canada especially hard because the country already faces duties of more than 35%, a result of recent but separate trade initiatives. Publicly traded lumber producers most directly exposed include Canada’s West Fraser Timber, Canfor, and Interfor. In the US, Weyerhaeuser, Boise Cascade, and Louisiana-Pacific are the closest listed peers, with stocks prices that often move in step with lumber tariffs and demand. US-based furniture retailers may also experience pain, with many dependent on foreign wood.

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