Planned higher rates on upholstered furniture, kitchen cabinets, and vanities will now take effect on January 1, 2027, instead of January 1, 2026.
Tariffs and Duties
Pine timber in southern Sweden sees largest reduction of SEK 130 ($14) per m3.
North American mills face tariffs and closures, Europe postpones new deforestation rules, and Russia’s forest sector enters a structural crisis.
Leader of Russia’s largest forest industry company warns of a coming wave of bankruptcies.
Exports to Switzerland, Italy, and Spain rise as tariff conflicts weigh on U.S. business and boost imports from Asia.
Funding includes $700 million for housing-linked lumber demand, $500 million in new loans for large softwood producers, and over $100 million in worker training, expanding on prior $1.2 billion forest sector support.
British Columbia targets one billion board feet for UK, EU, and Middle East.
Russ Taylor projects sharp price increases driven by sustained US protectionism, reduced imports, and tariff-induced market distortions.
Price adjustment follows sustained cost escalation for energy, transport and fibre inputs.
Commission sets 5.4% duty rate after investigation confirms dumped imports caused material injury to Union industry.
Interfor reports $216 million Q3 loss as tariffs, weak prices, and duty adjustments pressure results
Lumber output dropped to 912 million board feet as the company is proceeding with a previously announced 26% production cut; duties expenses rose $147 million, partly offset by a $9 million revaluation gain.
New report projects import dependence to continue through 2030 under ongoing production constraints.
North American housing weakness, high duties, and soft global pulp prices drive lower production and margins across all regions.
Measures will not take effect without House approval as Speaker Johnson declines to bring them to a vote.
Rising costs, blocked access to road-building materials, and equipment shortage undermine Russia’s forest sector raw material base.
Production scale-down equals full mill closure, affecting Fort St. James, Vanderhoof, and Prince George.
New 25% duties on Asian parts pressure local makers; imports expected to fall as firms shift sourcing.
Companies report $930 million drop in product exports from 2022 to 2024.
Lumber segment loses $123 million, with $67 million tied to U.S. duties.
Federal government adds $12 million to joint funding aimed at stabilizing operations.