President Trump's recent directive aims to investigate whether imports of lumber from Canada threaten national security, potentially leading to tariffs on Canadian wood. This investigation, assigned to Commerce Secretary Howard Lutnick, is expected to heighten trade tensions between the U.S. and Canada. Additionally, a memorandum by Trump seeks to increase the annual lumber supply to stabilize prices. Canada, which has long contested U.S. trade policies, could retaliate amidst calls for product boycotts. The ongoing debate reflects long-standing disputes regarding protectionist measures under NAFTA and the WTO.
President Trump has ordered an investigation into whether lumber imports pose a national security threat, which may lead to imposing tariffs on Canadian wood imports.
The inquiry could increase the supply of lumber while potentially enforcing tariffs, escalating tensions with Canada, the U.S's largest lumber supplier.
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