Why higher tariffs on Canadian lumber may not be enough to stimulate long-term investments in US forestry

By Andrew Muhammad, Professor of Agriculture and Resource Economics, University of Tennessee
Adam Taylor, Professor of Natural Resources, University of Tennessee

Lumber, especially softwood lumber like pine and spruce, is critical to U.S. home construction. Its availability and price directly affect housing costs and broader economic activity in the building sector. The U.S. imports about 40% of the softwood lumber the nation uses each year, more than 80% of that from Canada.

President Donald Trump says that the U.S. has the capacity to meet

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