US lumber eases after tariff delay

US lumber futures traded at $570 per thousand board feet, retreating from the highest level since October 2022, following Prime Minister Trudeau's confirmation that U.S. tariffs on Canadian goods would be suspended for at least 30 days. This delay eased immediate concerns over potential trade disruptions to Canada, a key supplier of wood to the U.S., which provided around 30% of the lumber used in the country last year. The 25% tariff on Canadian goods, including wood, compounds the existing anti-dumping duties of 14.5%, putting further strain on domestic production capacity. Meanwhile ...