Trump imposes 10 percent tariffs on lumber imports and 25 percent on cabinets and furniture.
On Monday, President Trump announced a 10% tariff on wood imports and a more significant 25% tariff on furniture items, which include kitchen cabinets and vanities. Back in March, Trump instructed for a review of timber imports, labeling this area as “critical” for national security, as well as for the economic strength and resilience of […]
Lumber costs and tariffs are key issues in the US housing market discussion; groups are in conflict.
Lumber is becoming a key topic as the National Association of Home Builders (NAHB) and the American Lumber Coalition voice concerns regarding the factors contributing to challenges in the U.S. housing market. On Monday, Fox Business Correspondent Kelly Saberi highlighted that, according to the NAHB, the uncertainty around tariffs and the ongoing fluctuations in timber […]
Trump threatens tariffs on Canadian dairy, lumber products as soon as Friday
President Trump said his administration could impose mutual tariffs on Canada on Friday in a trade war between the two countries. Speaking to reporters at the oval office, Trump complained about the sudden tariffs on Canadian dairy products and dairy products imported from the US. The president argued that Canada is charging Americans with more […]
Trump orders probe into lumber imports ahead of possible tariffs
President Trump signed on Saturday Presidential Order He calls for an evaluation of the imports of wood, described as a “critical” manufacturing industry “necessary” to the US national security, economic strength and industrial resilience. “Tulin products are an important input used by both the civilian construction industry and the military. Every year, the US military […]
Former lumber industry executive named as Forest Service chief
The Trump administration's choice to lead the Forest Service was previously a lumber industry executive. The Forest Service said in a press release Thursday that Idaho's Tom Schultz will lead the agency that manages the country's national forests. According to a press release, Schultz was previously the vice president of resources and government affairs for […]
Trump weighing 25 percent lumber tariffs
President Trump is considering imposing a 25% tariff on international timber and timber products and is attempting to add another item to the expanded list of products under his duties. “I will announce tariffs on cars, semiconductors, chips, medicines, drugs, medicines, materials and maybe a few other things in the next month.” Trump said Wednesday […]
Lumber, construction material prices could rise due to tariffs
Big Money Show panelists discuss the fentanyl crisis, and President Donald Trumps tariff plans as China vows to retaliate. President Donald Trump's plan to impose a 25% tariff on goods from Canada and Mexico has sparked warnings from several trade groups, and such moves have led to significant amounts of majorities from our neighbours. Considering […]
LL Flooring, hardware store once known as Lumber Liquidators, to close in bankruptcy proceeding
See what's clicking on FoxBusiness.com. National retailer LL Flooring, formerly known as Lumber Liquidators, announced it was ending 30 years in business after attempts to find a buyer failed just weeks after filing for bankruptcy. The Richmond, Virginia-based company, which until recently operated 442 stores nationwide, announced on its website that it would permanently close […]
LL Flooring, once known as Lumber Liquidators, closing all stores after bankruptcy filing
LL Flooring (formerly Lumber Liquidators), the flooring hardware company that was once a strong rival to Home Depot, is closing all of its stores just weeks after filing for bankruptcy. The 30-year-old hardware store, which once operated more than 400 stores in the U.S., said it had decided to liquidate after failing to receive “the […]
Wisconsin lumber company fined $300K after employee dies on job
A lumber company in northeastern Wisconsin has been fined nearly $300,000 by federal safety regulators for continuing to expose workers to amputations and other hazards years after an employee died on the job. The Occupational Safety and Health Administration announced Tuesday that it fined Tigerton Lumber Company $283,608 on Dec. 22. The agency said an […]