Weyerhaeuser shares on the rise as U.S. tariffs hit Canadian lumber imports

Weyerhaeuser's stock is gaining as investors anticipate that the company will benefit from new 25% tariffs on Canadian lumber imports. The Seattle-based firm, which owns 10.4 million acres of timberland in the U.S. and logging rights on another 14 million acres in Canada, is expected to sell lumber and wood panels at higher prices without the added cost of tariffs on cross-border shipments. Approximately 80% of Weyerhaeuser’s lumber milling capacity is located in the U.S., and the company primarily sells its Canadian production within Canada, according to CEO Devin Stockfish. While Weyerhaeuser ...