Trump Orders : U.S. President Donald Trump on Saturday ordered a new trade investigation that could lead to additional tariffs on imported lumber, further intensifying existing duties on Canadian softwood lumber. The new move adds to the 25% tariffs on all Canadian and Mexican goods set to take effect next week.
In his third new tariff probe of the week, President Trump signed a memo directing Commerce Secretary Howard Lutnick to launch a national security investigation into U.S. lumber imports under Section 232 of the Trade Expansion Act of 1962. This is the same trade law Donald Trump used to impose tariffs on global steel and aluminum imports.
The investigation will also cover derivative products made from lumber, including items like kitchen cabinets, some of which are made from U.S. lumber that had been exported. The Commerce Department has been given a 270-day deadline to complete the investigation.
