WASHINGTON — Every day more than $4 billion worth of goods cross the United States’ borders with Canada and Mexico. …Much of this bustling cross-border commerce is duty-free, thanks to the US-Mexico-Canada Agreement, or USMCA, that President Trump negotiated with America’s northern and southern neighbors during his first term. But the future of the USMCA , which took effect July 1, 2020, is cloudy as the three countries begin what could be a tempestuous attempt to renew the pact this year. The United States is demanding changes to the treaty. …Trump also suggested last fall that the United States could negotiate separate deals with Canada and Mexico, ending the three-country North American bloc that previous administrations saw as crucial to competing economically with China and the European Union. The talks kick off Monday between US and Mexican trade officials. …At stake is $1.6 trillion worth of annual trade in goods.
Richard Eaton, senior judge on the US Court of International Trade, has extended the US administration’s deadline for refunding about US$166 billion in tariffs. Eaton had orginally ordered US Customs and Border Protection to begin the refunding process at the start of the month after the US Supreme Court struck down global tariffs set by president Trump. …The administration has been inundated with lawsuits from companies like Costco, FedEx, and Pandora Jewelry – all looking to get their money back since Eaton’s order meant that everyone who had paid tariffs was entitled to a refund. Barnes, Richardson & Colburn partner Larry Friedman said that the order was one he had hoped for, “but never expected to see.” A US Customs and Border Protection official indicated in a legal filing that its system could not handle the volume of work.
Related coverage:
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- The National Law Review: What every company should know about the ITC order
- By Thomson Hine LLP: CIT Suspends Earlier Order Directing IEEPA Tariff Refunds
If you want to understand why the American starter home seems to have gone extinct, don’t look at greedy developers, rapacious investors or discriminating banks. Look at the government policies that make building these homes all but impossible. New research puts hard numbers on one part of the problem — and they’re staggering. …Federal, state and local governments have accelerated this decline by increasing construction costs through several channels. …In some cities, such as Los Angeles, the time it takes to get building permits amounts to almost half the construction time. …Land in many localities is made artificially expensive by regulations that dictate home sizes, yard sizes, building setbacks, parking and more. …Federal policies pile on more costs. …Canadian lumber, for example, is roughly 80% of all US imports and is currently subject to “trade remedy” taxes of more than 25%. Similar duties cover a wide range of products that US homebuilders use every day.

WASHINGTON — The Senate passed a bill Thursday aimed at boosting the supply of housing and bringing down prices, marking a rare bipartisan breakthrough on a major issue. The 21st Century ROAD to Housing Act, written by Sens. Tim Scott, R-S.C., and Elizabeth Warren, D-Mass., won 89 votes. Ten senators voted against it. Scott is the chairman of the Banking, Housing, and Urban Affairs Committee, and Warren is the ranking member. The
After the President’s defeat in the Supreme Court, more tariffs, with different legal foundations, are underway. …Here is a primer: …Under 

Lumber increased to 602.00 USD/1000 board feet, the highest since February 2026. Over the past 4 weeks, Lumber gained 1.1%, and in the last 12 months, it decreased 9.51%.


WASHINGTON — The US economy, hobbled by last fall’s 43-day government shutdown, advanced at an unexpectedly sluggish 0.7% annual rate from October through December, the Commerce Department reported Friday in a big downgrade of its initial estimate. Growth in gross domestic product — the nation’s output of goods and services — was down sharply from 4.4% in last year’s third quarter and 3.8% in the second. And the fourth-quarter number was half the government’s first estimate of 1.4%; economists had expected the revision to go the other way — and show stronger growth. Federal government spending and investment, clobbered by the shutdown, plunged at a 16.7% rate, hacking 1.16 percentage points off fourth-quarter growth. For all of 2025, GDP grew 2.1%, solid but down from an initial estimate of 2.2% and from 2.8% in 2024 and 2.9% 2023.

US applications for unemployment benefits inched down modestly last week as layoffs remain at historically healthy levels despite a weakening job market. The number of Americans filing for jobless aid for the week ending March 7 fell by 1,000 to 213,000 the previous week, the Labor Department reported Thursday. Analysts surveyed by the data firm FactSet forecast 215,000 new benefit applications. Filings for unemployment benefits are viewed as a proxy for U.S. layoffs and are close to a real-time indicator of the health of the job market. While weekly layoffs have remained in a historically low range mostly between 200,000 and 250,000 for the past few years, a number of high-profile companies have announced job cuts recently, including Morgan Stanley,Block, UPSand Amazon in recent weeks. …For now, the U.S. job market appears stuck in what economists call a “low-hire, low-fire” state that has kept the unemployment rate historically low, but has left those out of work struggling to find a new job.
Unfortunately for retailers in the home sector, 2026 will likely look an awful lot like 2025. …While the pandemic offered a temporary financial boost, broad economic uncertainty caused many consumers to pull back on discretionary spending, leading to a decline in the high-ticket purchases. …The category has consistently seen year-over-year sales declines, according to the US Department of Commerce. …As was the case over the past few years, the weak housing market — driven by a lack of inventory and elevated interest rates — poses one of the biggest threats to the home sector this year. “The housing market is just stuck in neutral,” Zak Stambor said. “By and large, just few people are moving, and the lack of housing turnover means there’s a smaller-than-normal market for home goods.” “It’s the uncertainty that’s really driving the hesitation on the consumer side — where they should go, when they should buy, what they should buy in this market.”

The invasive spotted lanternfly, which can cause damage to many plants, has been detected in a few Tennessee counties. …The adult female spotted lanternfly lays egg masses in September through November on host plants and other smooth surfaces, such as railroad ties, rocks, lumber, downed limbs and logs. Egg masses survive cold winter temperatures, and the first instar nymphs begin emerging in the spring. The nymphs mature through the spring and early summer before becoming adults in the beginning of June. The first, second and third instars feed on a variety of host plants. The fourth instars and adults prefer tree of heaven, grapes, black walnut, silver maple, red maple and willow. …“The best way to control spotted lanternfly outbreaks is to prevent them,” said Midhula Gireesh, University of Tennessee Extension specialist in the Department of Entomology and Plant Pathology. For more, refer to the UT Extension publication
Montana and the U.S. Forest Service announced last week they were moving ahead on a shared agreement between the two to do forestry work in large swathes of the state. Last summer, the state and Forest Service signed an agreement formalizing closer cooperation between federal forest management operations and the state Department of Natural Resources and Conservation. That came about two months after a Trump Administration executive order seeking to increase domestic timber production. On Friday, Gov. Greg Gianforte, DNRC Director Amanda Kaster and U.S. Forest Service Chief Tom Schultz said that two large areas have been selected for state and federal work. The focus of the work will be on approximately 213,910 acres in the Flathead and Kootenai National Forests and 200,000 acres within the Bitterroot National Forest. The project areas were selected due to wildfire risk and how close they are to being implemented.
Dismantling environmental protections is in vogue, even those enhancing safety and economic prosperity. But California is bucking the trend and now on the verge of modernizing how its 14 Demonstration State Forests are managed. Cal Fire manages these public lands, which span 85,000 acres and 10 counties. Redwoods and other trees are routinely logged to pay for operations, according to a 1947 law that mandates “maximum sustained yield” – that’s simply a euphemism for removing as much lumber as possible without shrinking the forest. This extractive agribusiness model prioritizes revenues, often contrary to the goals of demonstration, recreation and forward-looking research. …In February, Assemblyman Chris Rogers, a Democrat from Santa Rosa, introduced AB 2494, sponsored by the Environmental Protection Information Center, to modernize and align forestry management with the state’s broader goals. The new science-based approach prioritizes restoration and tribal co-management. It decouples funding from timber operations, financing it instead through an existing lumber tax.
In 2002, Crater Lake National Park ecologist Michael Murray thought the park’s majestic whitebark pine trees were as good as gone. An invasive fungus called white pine blister rust was killing the trees around the crater of the lake. …It was accidentally introduced to the U.S. in a shipment of infected nursery trees from Europe around 1900. Since then, it’s wiped out millions of whitebark pine trees and threatened the survival of the species. But Oregon scientist Richard Sniezko, a geneticist with the U.S. Forest Service, said some whitebark pine trees have natural resistance to the blister rust disease. …Murray took this science with him to his current job as forest pathologist for 
ANCHORAGE, Alaska – A federal judge has dismissed a lawsuit brought by timber industry groups and operators seeking to force increased old-growth logging in the Tongass National Forest, ruling the industry groups had no valid legal claim. U.S. District Judge Sharon L. Gleason granted the U.S. Department of Agriculture and U.S. Forest Service’s motion to dismiss and directed the clerk to enter final judgment for the federal defendants. “This ruling is a big victory for the Tongass’ old-growth forests. I’m relieved the court squarely rejected the logging industry’s rash attempt to force large-scale logging,” said Marlee Goska, Alaska attorney at the Center for Biological Diversity in a statement. “We need to leave the Tongass standing for the sake of wildlife, climate and local communities.” The case centered on how the Forest Service manages timber sales in the Tongass, the nation’s largest national forest and the world’s largest temperate old-growth rainforest.
Four Montana-based Conservation Groups — Alliance for the Wild Rockies, Gallatin Wildlife Association, Native Ecosystems Council, and Council on Fish & Wildlife — sued the U.S. Fish & Wildlife Service and U.S. Forest Service for removing wildlife protections on 1.1 million acres of the Beaverhead-Deerlodge National Forest in Montana. The federal government agencies issued a “Forest Plan Amendment” in 2025 to remove protections on 1.1 million acres of habitat that was formerly mapped and protected as “lynx habitat” for the Canada lynx, a threatened species listed under the Endangered Species Act. …The lynx population in the Greater Yellowstone Area is currently at risk of extinction, but if managed properly, the Beaverhead-Deerlodge National Forest could aid the recovery of the imperiled Greater Yellowstone lynx population by serving as a connectivity corridor with the healthier lynx populations in Northern Montana. 
ELOCHOMAN RIVER VALLEY, Washington — Investment companies have whittled away the land hunters can use in Wahkiakum and Pacific counties. Access to tens of thousands of acres of longtime hunting grounds is now blocked because a new generation of private landowners won’t offer access. The landowners are often investment companies, not based in the region or even the country. Not only is hunting off limits on their lands, they also often block access to adjacent properties that are state-owned — and therefore should be public — or adjacent privately owned property that still allows free hunting. Steve Ogden, an assistant manager for land operations at Washington Department of Natural Resources, said the agency’s hands are tied — private landowners can’t be forced to allow people on their land. The companies’ land restrictions have begun to erase generations-old family traditions, especially among the working class, and reduce access to affordable foods, like elk, in Washington’s second-poorest county.
When Hurricane Helene swept through western North Carolina, forestry officials conservatively estimated the storm damaged 822,000 acres of timber. Now satellite imagery showing changes in forest cover suggests the extent of damage was much greater. Nearly 18 months after Helene, forestry officials and the state fire marshal warned legislators Thursday that North Carolina needs to be much better prepared to battle wildfires. Deputy Forester Kevin Harvell with the North Carolina Forest Service said from the air, it’s easy to spot areas where complete stands of trees were flattened, making forest roads and logging roads impassable. …In many counties, N.C. Forest Service staffing consists of just three people – a county ranger, an assistant ranger, and a heavy equipment operator. That means a local county fire department may be the first responder when a brush or woods fire is reported. As in many areas of state government, Hicks says low pay is making it increasingly difficult to keep experienced staff.
President Trump has invited farmers and biofuels producers to the White House for a big event next week as the industry awaits the government’s announcement on mandates for the fuel additives. The “celebration of agriculture” event is scheduled for March 27. The invitation said: “Later this month, following National Agriculture Week, President Trump plans to host hundreds of farmers and ranchers from around the country on the South Lawn to shine a spotlight on the men and women growing our food, fiber, and fuel.” The US Environmental Protection Agency’s decision on biofuels is expected around the end of March. The renewable volume obligations, or RVOs, mandate how much biofuel, such as corn-based ethanol and biodiesel, must be blended into the nation’s fuel supply. Next week’s meeting could have an impact on the markets amid speculation on the RVO decision coming later this month.