From Top Electric.

In a bold escalation of his trade war, U.S. President Donald Trump has imposed crippling tariffs on Canadian lumber and furniture, effective October 14, 2025, citing national security under Section 232 of the Trade Act. With a 10% duty on timber, 25% on kitchen cabinets and vanities, and 30% on upholstered furniture, the tariffs target Canada, the U.S.’s top softwood lumber supplier, pushing total duties above 45%. This move, alongside 100% tariffs on non-U.S.-made pharmaceuticals and 25% on foreign heavy trucks, threatens to spike furniture prices (up 4.7% last month) and homebuilding costs, adding $9,200 per home. Canadian Prime Minister Mark Carney counters with strategic resilience, announcing $700 million in loan guarantees and $500 million for forestry innovation, while diversifying trade to reduce reliance on the U.S., where 90% of lumber exports go. Trump’s legally shaky tariffs, challenged in courts, are backfiring, alienating U.S. businesses and fueling Canadian pride, bolstering Carney’s leadership. As Trump’s bullying tactics falter, Carney’s measured approach—leveraging global partnerships and a $5 billion response fund—highlights a stark contrast between chaos and competence in economic policy.

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