FedEx Now Says Refunds Should Begin Next Month
If you used the shipping service over the past year, refunds could begin in August. Although the federal program to refund duty charges that were ruled illegal by the Supreme Court has been slow to ramp up, FedEx says it will begin to return as much as $800 million to its customers. According to a […]
Construction Material Prices Up Almost 10 Percent
A new ABC report says that everything it takes to build has increased over the past year.
Lumber and Building Supplies Hit By Another Wave of Pricing Pressure
First it was inflation, then supply chain issues and then tariffs. Now the war in Iran is the latest external factor to hit material costs.
Canadian Province Sets 10-Year Forestry ‘Roadmap’
As tensions continue in the trade battle between the U.S. and Canada, Ontario is taking a pro-active stance in planning.
UPS, FedEx and DHL Say They Will Reimburse Customers for Illegal Tariffs
As the federal government begins to issue refunds to companies impacted by the now-overturned tariffs, the big shipping companies are expected to reimburse their customers.
Builders Group Asks for Tariff Relief
The National Association of Home Builders is lobbying the Trump administration for tariff exemptions on building materials. With the uncertainties surrounding the tariff situation in the wake of the Supreme Court ruling negating many duties under the International Emergency Economic Powers Act (IEEPA), the NAHB wants more permanent exemptions for building materials. Bill Owens, NAHB […]
The Latest Wood and Furniture Tariff Hikes Are Off the Table
On the eve of when they were scheduled to take effect, the president has halted increases on a number of wood products. In the on-again/off-again world of Trump tariff policies, it’s off again for a round of increases that were scheduled to take effect on Jan. 1 of the new year. They are being delayed […]
Canadian Lumber Market Finishes Up Year in Turmoil
Ever-changing trade policies with the U.S., a dismal housing market and subsequent mill closings continue to plague conditions. North American lumber production is reportedly at its lowest level in more than a decade, particularly in Canada, which supplies a large percentage of the wood the U.S. imports. After a year in which the Trump administration […]
Hardwood Federation Petitions Trump for Help on Tariffs
A letter to the administration signed by hundreds of hardwood businesses wants federal support for their companies. The letter, written before the latest negotiations between the U.S. and China, requests fairer trade agreements and potential support if these are not put in place. “The undersigned US hardwood companies and organizations,” the letter reads, “representing the […]
New Study Shows Devastating Impact of Canadian Lumber Tariffs on Home Building
Two University of Tennessee professors report how higher duties on imported wood directly impact housing prices. Contradicting the Trump administration that American lumber can replace imported wood from Canada, Andrew Muhammed, a professor of agriculture and resource economics, and Adam Taylor, professor of natural resources, wrote in their new study that this is not necessarily […]