Lumber futures rose Tuesday, as Trump’s plan to impose 25% tariffs on goods from Canada and Mexico marks the latest threat to US supplies of the key construction material.
Gift link: https://www.bloomberg.com/news/articles/2024-11-26/trump-tariffs-are-latest-inflationary-pressure-for-us-lumber?accessToken=eyJhbGciOiJIUzI1NiIsInR5cCI6IkpXVCJ9.eyJzb3VyY2UiOiJTdWJzY3JpYmVyR2lmdGVkQXJ0aWNsZSIsImlhdCI6MTczMjY1NjY4MywiZXhwIjoxNzMzMjYxNDgzLCJhcnRpY2xlSWQiOiJTTkJDRkFEV0xVNjgwMCIsImJjb25uZWN0SWQiOiJCQ0M0MEMyQ0JBNTA0QTYxQTk3RTJBQTA0NjJEMTYxNSJ9.3Usae9YXC19eguBbwhRCd0X_RlvdKzVC6MDFT9rzmE8 via @bloomberg.com
Gift link: https://www.bloomberg.com/news/articles/2024-11-26/trump-tariffs-are-latest-inflationary-pressure-for-us-lumber?accessToken=eyJhbGciOiJIUzI1NiIsInR5cCI6IkpXVCJ9.eyJzb3VyY2UiOiJTdWJzY3JpYmVyR2lmdGVkQXJ0aWNsZSIsImlhdCI6MTczMjY1NjY4MywiZXhwIjoxNzMzMjYxNDgzLCJhcnRpY2xlSWQiOiJTTkJDRkFEV0xVNjgwMCIsImJjb25uZWN0SWQiOiJCQ0M0MEMyQ0JBNTA0QTYxQTk3RTJBQTA0NjJEMTYxNSJ9.3Usae9YXC19eguBbwhRCd0X_RlvdKzVC6MDFT9rzmE8 via @bloomberg.com
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Another gift link: https://www.bloomberg.com/news/articles/2024-11-04/us-lumber-industry-set-to-end-canada-s-dominance-as-tariffs-take-toll?accessToken=eyJhbGciOiJIUzI1NiIsInR5cCI6IkpXVCJ9.eyJzb3VyY2UiOiJTdWJzY3JpYmVyR2lmdGVkQXJ0aWNsZSIsImlhdCI6MTczMjY1NzM3OSwiZXhwIjoxNzMzMjYyMTc5LCJhcnRpY2xlSWQiOiJTTTZDSktUMVVNMFcwMCIsImJjb25uZWN0SWQiOiJCQ0M0MEMyQ0JBNTA0QTYxQTk3RTJBQTA0NjJEMTYxNSJ9.vBvbOYTIjhOy7d5i2bpMXEQDErmkK_4FH9iYMKuwylw
“The Smoot-Hawley Tariff Act of 1930 raised U.S. import duties with the goal of protecting American farmers and other industries from foreign competition. The Smoot-Hawley Tariff Act is now widely blamed for worsening the severity of the Great Depression in the U.S. and around the world.”
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