[Updated February 25 by FEA] President Donald Trump announced a 10% temporary import duty under Section 122 of the Trade Act of 1974, shortly after the US Supreme Court struck down his tariffs imposed under the International Emergency Economic Powers Act (IEEPA). The Section 122 surcharge is scheduled to take effect February 24 and remain in place for up to 150 days. Under the proclamation, Section 122 duties do not apply to goods that are subject to Section 232 of the Trade Expansion Act of 1962 or that are USMCA compliant. Therefore, the implications for wood products are as follows:

• Lumber is subject to Section 232 and therefore are not subject to Section 122.
• Canadian plywood, OSB, engineered lumber, and mass timber products that are USMCA compliant—which covers nearly all Canadian production—are not subject to Section 122.
• Offshore plywood, OSB, engineered lumber, and mass timber products are subject to Section 122 because they are neither USMCA compliant nor covered by Section 232.