Lumber Prices: Tariffs Combine With Tight Supply for Sharp Increases
Wednesday, 16 May 2018 Lumber prices responded to tariffs and short supply, with futures rising to another record on Tuesday thanks to a confluence of import tariffs, transport bottlenecks and strong housing demand.
According to Reuters, Federal Reserve Chairman Jerome Powell said that the array of trade tariffs and counter measures from other countries could raise U.S. inflation but there is so far no indication..
In September, President Donald Trump hit China with tariffs on $200 billion worth of Chinese goods. This was the first time that consumer goods had been directly impacted by Trump's tariffs. Business..