A recent uptick in lumber futures price toward $540 has been attributed to higher-than-expected export volumes from U.S. mills to Asian markets. Perhaps no material illustrates the tariff trap better than lumber. Canada supplies roughly 85 percent of all US softwood lumber imports and represents nearly a quarter of America’s total lumber supply. Last month, the Trump administration more than doubled its 14.5 percent tariff on Canadian lumber to a rate of 35 percent . Get the latest market intelligence and pricing data for all major grades of lumber that the industry relies on Lumber futures price has been resilient despite global economic concerns, partly due to speculative hedge fund positioning aligning with underlying supply constraints.
