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Between reporting on artificial intelligence and the Luka Doncic trade to the LA Lakers, news leaked about potential U.S. tariffs on imports from Canada. While headlines screamed – see the January 31st The Wall Street Journal editorial “The Dumbest Trade War in History” – the markets for many items, including softwood lumber, remained subdued, as measured by the limited “forward buying” (stockpiling) of key building products over the past week.
Let’s take a moment to provide context for the role of tariffs and their relative policy importance to markets for housing, lumber, and timber.
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