Trump’s tariffs on Canadian softwood: opening doors for European exporters?

As the United States prepares to implement a 25% tariff on Canadian softwood lumber starting February 1, 2025, the effects on global trade are becoming increasingly evident. While the move aims to boost domestic production and reduce reliance on Canadian imports, it also positions European lumber exporters to strengthen their presence in the U.S. market. Supply and demand shifts in North America Canada, the largest supplier of lumber to the U.S., provided 24% of U.S. lumber consumption in 2024. Despite efforts by U.S. sawmills to increase production, domestic facilities remain unable to meet ...