A wide shadow of uncertainty has been cast over Canada’s forestry sector by President Donald Trump’s threat to impose a 25% tariff on its lumber products. Several industry groups have released statements criticizing the tariff as unnecessary and harmful for both sides, a sentiment echoed by British Columbia Premier David Eby. …Eby said forestry companies aren’t sure how they should invest or if they should put money into their companies at all. …Forest Products Association of Canada president Derek Nighbor said the US can meet about 70% of its homebuilding lumber needs. …The BC Lumber Trade Council called the tariff plan a “punitive, unjustified protectionist measure.” …National Association of Home Builders chairman Carl Harris said, “Tariffs on lumber and other building materials increase the cost of construction and discourage new development, and consumers end up paying for the tariffs in the form of higher home prices.”
The vast majority—72%—of respondents to an HBSDealer poll question say the United States should not pursue a policy of aggressive growth. However, an aggressive approach has been launched —and then quickly paused. …For the home improvement industry, tariffs on Canadian lumber continue to be a central and controversial topic. …NAHB Chairman Carl Harris. “NAHB urges the administration to reconsider this action on tariffs, and we will continue to work with policymakers to eliminate barriers that make housing more costly and prevent builders from boosting housing production.” …Meanwhile, with a deeply ingrained opposition to imports subsidized by the Canadian government, the U.S. lumber industry applauds the tariffs. It also discounts the idea that increasing the tariffs on Canadian lumber imports would lead to significantly higher home prices. The US Lumber Coalition argues that softwood lumber prices are currently low and have not kept pace with general inflation.
President Trump conceded Sunday that there may be “some pain” from his sweeping tariffs on Mexico and Canada, but they will eventually lead to a new “GOLDEN AGE.” Nice of him to promise a glorious future because the pain is already unfolding. …He also included a blast at these columns for leading the “Tariff Lobby” after our editorial called his 25% across-the-board tariffs on our friends and neighbors “
BEIJING — China countered President Trump’s across-the-board tariffs on Chinese products with tariffs on select U.S. imports Tuesday, as well as announcing an antitrust investigation into Google. The Chinese response was “measured,” said John Gong, a professor at the University of International Business and Economics in Beijing. “I don’t think they want the trade war escalating,” he said. …This time, analysts said, China is much better prepared to counter, with the government announcing a slew of measures that cut across different sectors of the economy, from energy to individual U.S. companies. China said it would implement a 15% tariff on coal and liquefied natural gas products as well as a 10% tariff on crude oil. …China also announced export controls on several elements critical to the production of modern high-tech products. “A risk is that this is the beginning of a tit-for-tat trade war,” Stephen Dover of Franklin Templeton said.
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Lumber futures surged to over $590 per thousand board feet, approaching the two-month high of $600 from January 6th following US President Trump’s decision to implement tariffs on Canada, a major supplier of wood to the US. The tariffs were threatened by the US President shortly after taking office, but conflicting messages from the Presidential administration raised skepticism for investors on whether trade barriers would actually be raised. According to the latest data, Canada supplied around 30% of lumber used in the US last year. The 25% tax on Canadian goods, including wood, add to the already existing anti-dumping duties of 14.5%, raising capacity pressures on domestically produced alternatives. In the meantime, the greater degree of confidence that the Fed will deliver more than one rate cut this year drove benchmark mortgage rates to ease below 7%, giving some respite to construction demand. [END]
The stock market fell on Monday after President Donald Trump slapped tariffs on Canada, Mexico and China, eliciting threats of retaliation and setting the stage for a trade war. The Dow Jones Industrial Average slid about 550 points, or 1.25%, in early trading on Monday. The S&P 500 dropped 1.5%, and the tech-heavy Nasdaq plummeted 2%. Traders demonstrated their jitters with a selloff of U.S. auto companies, which hold deep ties to suppliers in Canada and Mexico. Shares of General Motors plummeted 6%, while Ford saw its stock price plunge 4%. The market rout extended worldwide. Japan’s Nikkei index fell 2.5% on Monday, and the pan-European STOXX 600 dropped about 1%.
This opinion piece is by the following groups: Central Utah Water Conservancy District, Salt Lake City Department of Public Utilities, Weber Basin Water Conservancy District, Mountain Regional Water Special Service District, Metropolitan Water District of Salt Lake & Sandy, Jordan Valley Water Conservancy District, Summit County, and World Resources Institute. After another catastrophic wildfire season in the West, it is clear that Utah can no longer put off needed investments to protect our forests and critical sources of drinking water. The consequences of delaying these essential investments grow yearly and the stakes have never been higher. …These fires are a wake-up call. Infrastructure costs should not fall on water ratepayers alone. While Utah water utilities and our partners have made progress in reducing wildfire risks in key watersheds, the wildfire crisis demands even greater levels of collaboration and funding — and both are needed now from Utah’s state Legislature.
WASHINGTON – U.S. Senators Martin Heinrich (D-N.M.) and Tim Sheehy (R-Mont.) introduced the bipartisan Aerial Firefighting Enhancement Act of 2025 to strengthen the aerial wildfire suppression fleet and better combat the year-round threat of catastrophic wildfire. “I have worked to expand the operations of Very Large Air Tankers that have proven absolutely essential to firefighters battling wildfires in New Mexico, Los Angeles, and across the West,” said Heinrich. …“As a former Navy SEAL and the only aerial firefighter in the Senate, I understand government’s most solemn duty is to keep the American people safe,” said Sheehy. The bill reauthorizes the Secretary of Defense’s authority to sell excess Department of Defense aircraft and aircraft parts, acceptable for commercial sale, to persons or entities that contract with the government for the delivery of fire retardant or water by air to suppress wildfires…
PIEDMONT TRIAD, N.C. — North Carolina has seen a rising number of wildfires recently, including two here in the Triad just last week. The North Carolina Forest Service is the agency responsible for getting those fires out, but lately it’s been difficult to do so. That’s due to the large number of vacancies across the department. “When we’re the lead agency for wildfire response, this isn’t a forest you want 100 positions consistently unfilled,” Philip Jackson, Public Information Officer for the N.C. Forest Service, said. It’s an issue the agency has been having for some time. “It’s [vacancies] pretty evenly distributed throughout all three regions across the state,” Jackson said. “You’re looking at about 30-35 unfilled positions in all three regions.”
