U.S. Tariffs on Canadian Lumber: What’s Happening Now and What’s Next – April 2025 Update

Summary

• The current tariff rate on Canadian softwood lumber is 14.54%.
• The additional 25% tariff proposed in March was delayed and ultimately exempted for lumber on April 2, avoiding a jump to 39.5%.
• Future increases are anticipated, with the Commerce Department’s next review possibly pushing rates to 27% or more by late 2025, and the Section 232 investigation adding further uncertainty.