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Kelowna mills bracing for Trump taxes
WATCH ABOVE: Kelowna sawmill bracing for Trump tariffs &# 13,
– Feb 7, 2025
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When U.S. President Donald Trump dropped the idea of a 25 % tax on firewood and forest items, the list of potential National taxes that might affect Canada grew Wednesday evening. Trump stated to the internet that his presidency was considering the most recent awaited duties for sometime in April while board the Air Force One. Trump put a 25 percent tariff on all American goods on hold until March 4th, but he later removed a 10 % levy from imports of American power. 2: 04
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Given that the United States currently supplies about 70 % of its domestic lumber demands domestically and uses Canadian lumber to bridge the gap, the forestry business in Canada recently argued that the tariffs were unnecessary and unjustifiable. The combined full on wood exports to the United States may be closer to the 50 or 55 % calculate if the threatened 25 % price is added to the already-existing existing obligations. The U. S. next raised duties on softwood lumber from Canada in August 2024 from 8.05 per share to 14.54 per share.
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