OTTAWA — Canada’s exemption from Donald Trump’s global tariffs was “like dodging a bullet into the path of a tank”, say business leaders as other levies are poised to hit key industries that drive the country’s economy. …Canada was noticeably absent, alongside trade ally Mexico. Prime minister Mark Carney said 25% tariffs on Canadian steel and aluminum, as well as on automobiles, will come into effect within hours. Canada would “fight these measures with countermeasures” he said. Already, Canada had put a 25% tax on C$30bn worth of US goods in response to Trump’s tariffs. …Carney warned that while Trump had preserved key elements of the bilateral relationship, the global tariffs “fundamentally change the international trading system”. …On Wednesday, a bipartisan group of senators passed a resolution to end the national fentanyl emergency the president invoked to justify the 25% tax on Canadian imports. …House speaker Mike Johnson is unlikely to bring the measure to a vote.
Related coverage in:
Democrats in the U.S. Senate are moving forward on a resolution to block sweeping tariffs targeting Canada as President Donald Trump presses Republican lawmakers to continue backing his trade agenda. Sen. Tim Kaine plans to force a vote on Trump’s use of the International Economic Emergency Powers Act, also called IEEPA, to declare an emergency over fentanyl trafficking to hit Canada with devastating duties. “The president has justified the imposition of these tariffs on, in my view, a made-up emergency,” Kaine said Tuesday. U.S. government data shows the volume of fentanyl seized at the northern border is tiny. The Annual Threat Assessment report, released last week, does not mention Canada in its section on illicit drugs and fentanyl. The vote will test whether Republican senators continue to back Trump’s tariffs on Canada — tariffs that, according to polling, are not supported by most Americans.
The United States is scheduled to unveil reciprocal tariffs on a wide array of trading partners, including Canada. Dubbed “Liberation Day” by Donald Trump, the measures are meant to even things out with those who, in Trump’s eyes, have unfairly taken advantage of the US with tariffs and other non-tariff barriers. …Aside from steel, aluminum and autos, which are already facing separate tariffs, here are the issues the U.S. has singled out as problematic in their trade with Canada that could factor in to the Liberation Day announcement, and what economists and trade officials have to say about them. What Trump says: He has lumped his anger about dairy and lumber tariffs together, threatening to act immediately on unfair treatment by Canada. He also said the U.S. does not need any Canadian lumber. Reality Check: There is far from enough lumber produced in the U.S. to meet building demand.
White House aides have drafted a proposal that would levy tariffs of roughly 20% on most imports, the Washington Post reported. The report cited three people familiar with the matter. It also said White House advisers cautioned that several options are still on the table, meaning the 20% tariffs may not come to pass. Another plan being considered is the country-by-country “reciprocal” approach, according to the Washington Post. The report comes a day before April 2, when President Donald Trump is set to announce his larger plans for global trade. The date has loomed over Wall Street, where stocks have been struggling in part due to uncertainty around rapidly changing global trade policy. Unlike the tariffs already announced by the Trump administration, the new plan is expected to be more widespread and permanent as opposed to targeting specific countries or industries. 
Willis, a business of WTW, and The Nature Conservancy (TNC) have launched a new $2.5 million wildfire resilience insurance for the Tahoe Donner Association in Truckee, California. Described as “first-of-its-kind,” this policy directly links insurance costs to proactive wildfire risk mitigation efforts. Developed in partnership with UC Berkeley’s Center for Law, Energy and the Environment, the policy aims to demonstrate how ecological forest management practices can lead to reduced premiums and increased insurance availability. Such techniques include tree thinning to improve the health and growth of the remaining trees and planned fires to clear out flammable vegetation, both proven to reduce wildfire risk and make forests healthier. Tahoe Donner has completed forest management projects over 1,520 acres since 2015. …This new policy, covering 1,345 acres of Tahoe Donner’s land, secures a 39% lower premium and an 89% lower deductible than would have been possible without the nature-based forest management.
Manufactured homes play a measurable role in the U.S. housing market by providing an affordable supply option for millions of households. According to the American Housing Survey, there are 7.2 million occupied manufactured homes in the U.S., representing 5.4% of total occupied housing and a source of affordable housing, in particular, for rural and lower income households. Often thought of as synonymous to “mobile homes” or “trailers”, manufactured homes are a specific type of factory-built housing that adheres to the U.S. Department of Housing and Urban Development’s Manufactured Home Construction and Safety Standards code. …The East South Central division (Alabama, Kentucky, Mississippi and Tennessee) have the highest concentration of manufactured homes, representing 9.3% of total occupied housing. The Mountain region follows with 8.5%, while the South Atlantic region holds 7.7%.
The world is running out of time to halt deforestation. Yet instead of stepping up, the US is dismantling forest protections and undermining global progress – highlighting the dangers of global forest policy that fails to hold the wealthiest, most powerful countries accountable. …But the latest actions by the US highlight just how dangerous and unbalanced this paradigm is. …Under the pretense of national security, Trump’s orders aim to gut environmental safeguards and fast-track industrial clearcutting in some of the US’s most precious and climate-critical forests. …Meanwhile, as Europe strengthens forest accountability, US state officials are pushing to exempt the country from new deforestation protections.. These officials, echoing industry talking points, are urging the EU to exclude US wood products from a law requiring due diligence to prevent imports or exports tied to deforestation or forest degradation. Their argument? That the US doesn’t need oversight.
Nearly 18,000 acres in the lower Blackfoot River watershed prized for its habitat and wood products could become publicly owned if the Bureau of Land Management (BLM) follows through with its planned acquisition. Missoula County last week signed a letter of support backing the BLM’s proposed acquisition of the former private industrial timberland in the Gold and Twin Creek drainages northeast of Missoula. Chet Crowser, chief lands and communities officer with the county, said that acquiring the parcels would permanently protect public ownership and provide benefits for decades to come… More than 60% of Missoula County is covered with public lands – lands the county claims sustain local economies through restoration and active management.
Over the last five years the forest carbon market in North America has experienced a period of rapid expansion, with a surge in dealmaking and heightened interest from institutional investors. In recent months, major corporations have signed high-profile offtake agreements for forest carbon credits, with the latest focus being on high quality-sequestration projects. At the same time, the uptake of Improved Forest Management (IFM) projects has grown, with over 1 million acres of IFM projects added in 2023 and 2024, reflecting the growing recognition of sustainable forestry as a viable tool for emissions removal and reduction. The rise in corporate demand for nature-based solutions, coupled with compliance frameworks including California’s cap-and-trade and emerging cap-and-invest systems, are reshaping the market landscape. Investors, timberland managers, and carbon project developers are competing in an increasingly competitive and innovative space.
