Key factors shaping the Q1 softwood lumber market

The first quarter of 2025 is shaping up to be a pivotal period for the softwood lumber market, with potential U.S. tariffs on Canadian imports driving uncertainty among producers, traders, and buyers. President-elect Donald Trump’s plan to impose a 25% tariff on Canadian goods has already caused shifts in market behavior, with Canadian companies announcing significant price increases to offset the cost. The role of Canadian exports in the U.S. market Canadian softwood lumber plays a vital role in the U.S. market, accounting for 24% of consumption. For Canada, the U.S. remains ...