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U.S. imposes new tariffs on Canadian lumber and furniture, risking housing and trade stability.
The U.S. has imposed new tariffs on Canadian lumber and furniture, including 10% on softwood lumber and 25% on kitchen cabinets, compounding an existing 35% duty, creating unprecedented trade barriers.
Experts warn the move will depress Canadian lumber prices, reduce housing starts, and increase economic uncertainty.
Industry groups say the tariffs harm affordability and disrupt North American trade, with producers already cutting output and fearing permanent closures.
Canada pledged C$1.2 billion in aid, but analysts say it's insufficient.
The U.S. may raise tariffs further by January 1 without a deal, prompting urgent negotiations ahead of the APEC summit.
EE.UU. impone nuevos aranceles a la madera y los muebles canadienses, arriesgando la vivienda y la estabilidad comercial.