What have you always wondered about the economy? Tell Us

Canadian lumber is the first demonstration of Trump’s tough-on-trade promises

Jed Kim Apr 25, 2017
HTML EMBED:
COPY

Canadian lumber is the first demonstration of Trump’s tough-on-trade promises

Jed Kim Apr 25, 2017
HTML EMBED:
COPY

When President Trump promised he’d be tough on trade, Canada wasn’t a name he threw around much. But his administration’s first big trade tax turns out to be a proposed 20 percent or so tariff on Canadian “soft lumber.” That’s pine, spruce, fir — the kind of wood used to build homes. Secretary of Commerce Wilbur Ross said this is not the start of a trade war with Canada. But it does feel to some like a warning shot.

Click the audio player above to hear the full story.

News and information you need, from a source you trust.

In a world where it’s easier to find disinformation than real information, trustworthy journalism is critical to our democracy and our everyday lives. And you rely on Marketplace to be that objective, credible source, each and every day.

This vital work isn’t possible without you. Marketplace is sustained by our community of Investors—listeners, readers, and donors like you who believe that a free press is essential – and worth supporting.

Stand up for independent news—become a Marketplace Investor today with a donation in any amount.