logo
U.S. Lumber Coalition Applauds President Trump's Additional Measures to Investigate Unfair Trade Practices

U.S. Lumber Coalition Applauds President Trump's Additional Measures to Investigate Unfair Trade Practices

WASHINGTON, March 2, 2025 /PRNewswire/ -- President Trump has ordered an investigation under section 232 of the Trade Expansion Act of 1962 to determine the 'impact of foreign government subsidies and predatory trade practices.'
'We know that foreign governments such as Canadian federal and provincial governments subsidize the Canadian lumber industry to promote employment and disruptive excess Canadian lumber production that is then dumped into the U.S. market to the detriment of U.S. companies and workers,' stated Andrew Miller, Chair/Owner of Stimson Lumber Company.
'President Trump is absolutely correct in saying that we do not need any unfairly traded Canadian lumber imports,' stated Miller, adding that 'the combination of fully enforcing our antidumping and countervailing duty trade laws and this additional enforcement step against unfair trade taken by President Trump will accelerate addressing the harmful effects of foreign unfair trade practices in lumber. Thank you President Trump!' concluded Miller.
U.S. lumber community voices on President Trump's trade law enforcement and the positive impacts on U.S. manufacturing:
About the U.S. Lumber Coalition
The U.S. Lumber Coalition is an alliance of large and small softwood lumber producers from around the country, joined by their employees and woodland owners, working to address Canada's unfair lumber trade practices. Our goal is to serve as the voice of the American lumber community and effectively address Canada's unfair softwood lumber trade practices. The Coalition supports the full enforcement of the U.S. trade laws to allow the U.S. industry to invest and grow to its natural size without being impaired by unfairly traded imports. Continued full enforcement of the U.S. trade laws will strengthen domestic supply lines by maximizing long-term domestic production and lumber availability produced by U.S. workers to build U.S. homes. For more information, please visit the Coalition's website at www.uslumbercoalition.org.

Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

Surprising Trump-Musk rift worsens a huge Tesla problem
Surprising Trump-Musk rift worsens a huge Tesla problem

Miami Herald

time39 minutes ago

  • Miami Herald

Surprising Trump-Musk rift worsens a huge Tesla problem

Tesla CEO Elon Musk and President Donald Trump appear to be in the kind of chaotic relationship that social media lives to warn you about. First the two seemed to be enjoying a business alliance-turned-bromance when Musk was invited to become a special government employee in January and spearhead the Department of Government Efficiency (DOGE). Don't miss the move: Subscribe to TheStreet's free daily newsletter The pair cheerily appeared together in photographs as well as in the Oval Office, and they seemed to be harmoniously working together. Musk even donned a red baseball cap that read "Trump was right about everything," which sent a pretty clear statement about the billionaire's beliefs. Related: Elon Musk latest message sends Tesla stock surging Of course, things can change. And when Tesla's (TSLA) sales plummeted 71% as reported during its first quarter earnings call, Musk's tune began to do just that. The Tesla CEO said he would refocus on the EV business, and not long after, he announced he would be stepping away from DOGE entirely. Soon after that shift, Musk suddenly started to take shots at Trump's "big beautiful bill" on X, first disagreeing with it and then seemingly escalating the issue to an all-out war against the president. Now the two have been trading barbs and threats alike, and while it looks like they're having some sort of weird breakup spat that's bristling with resentment, the whole thing is having a bad effect on a situation that Musk promised he would work to repair. Image source: STR/AFP via Getty Images Tesla's reputation has taken a beating this year. Musk's involvement with President Trump and the government rubbed many the wrong way, leading the stock to tank in mid-March when Musk was heads down on the DOGE project. What followed was a rash of people either demonstrating outside Tesla dealerships, vandalizing them, or both. Tesla owners, uncomfortable at being yelled at on the streets, started to offload their cars. Related: Forget tariffs, automakers face an even bigger threat from China Meanwhile, Tesla sales are dropping fast in key markets such as Europe and California. "Tesla's sales in Europe dropped 49% year-over-year in April to 7,261 vehicles, according to the European Automobile Manufacturers' Association. Meanwhile, total EV sales in the region rose 34%. So far, Tesla's Europe unit volume is down nearly 40% through the first four months of this year," TheStreet's Todd Campbell reports. Musk's public spat with Trump, including posting the whole thing on social media rather than having private conversations with the president, comes off as attention-seeking and inappropriate for a person of his status. And while the president has responded more or less in kind, it's really Tesla that will suffer further, as Trump is known for his outbursts, and they don't stand out that much from his regular behavior. Tesla, however, had already been beaten down by Musk's involvement with the GOP. While Musk is clearly trying to separate himself from Trump with these moves, the way he's handling them reflects poorly on his plans to reinvigorate the EV brand. It's exactly the move Tesla didn't need at this moment. Trump, in the meantime, has decided he has bigger things to focus on, telling CNN today, "I'm not even thinking about Elon. He's got a problem. The poor guy's got a problem." Related: Analyst says Tesla faces one big beautiful hit from Trump bill The Arena Media Brands, LLC THESTREET is a registered trademark of TheStreet, Inc.

From lottery tickets to life insurance: Here are 6 ‘bad assets' that could cause you to retire poor in America
From lottery tickets to life insurance: Here are 6 ‘bad assets' that could cause you to retire poor in America

Yahoo

timean hour ago

  • Yahoo

From lottery tickets to life insurance: Here are 6 ‘bad assets' that could cause you to retire poor in America

Moneywise and Yahoo Finance LLC may earn commission or revenue through links in the content below. We adhere to strict standards of editorial integrity to help you make decisions with confidence. Some or all links contained within this article are paid links. You probably know the importance of retiring with a hefty, well-diversified portfolio of assets. But what if some of your assets are actually hidden liabilities? Here are the top seven tempting but deceptive money drains that you could trap yourself in before retirement. Thanks to Jeff Bezos, you can now become a landlord for as little as $100 — and no, you don't have to deal with tenants or fix freezers. Here's how BlackRock CEO Larry Fink has an important message for the next wave of American retirees — here's how he says you can best weather the US retirement crisis Nervous about the stock market in 2025? Find out how you can access this $1B private real estate fund (with as little as $10) If you're financially secure, splurging on your 'dream car' can be the ultimate temptation. But the average new car loses roughly 30% of its value within the first two years alone, according to Kelley Blue Book. New cars also often have higher insurance premiums compared to used cars. The depreciation rate slows down after those initial years, which means buying a modestly used car at an affordable price is a better way to secure your financial future. Plus, you can benefit from a lower insurance bill. According to a MarketWatch study, full-coverage insurance on new cars averages $168 per month, while used car owners typically pay $150 monthly. That means new car owners pay an extra $216 a year. You can lower your insurance premiums further by shopping around and comparing rates from leading providers through OfficialCarInsurance. Simply answer some basic questions about yourself, your driving history and the type of vehicle you drive then OfficialCarInsurance will show you rates from reputable insurance providers like GEICO, Allstate and Progressive. The best part? The process is completely free and won't affect your credit score. Get started and find rates as low as $29 per month. Buying a timeshare in Cabo Verde and spending your retirement on a beach is undoubtedly attractive, but there are caveats. Timeshare ownership involves steep initial costs, recurring maintenance fees, low resale potential and rigid usage schedules. On top of that, the secondary market is notoriously poor, and many owners struggle to exit their agreements. Instead of locking yourself into a timeshare, consider creating an annual travel fund for vacation rentals in your retirement plan. One option is opening a high-yield savings account. These plans can offer up to 10 times the national APY of 0.41%. There is a market for luxury collectibles such as vintage cars, designer handbags and luxury watches, but that doesn't mean a Rolex deserves a spot in your retirement portfolio. Collectors of all kinds can be fickle. What's considered valuable today may not be worth as much by the time you retire. Diamonds, for instance, were a popular collectible, but prices have declined by 26% in just the last two years, according to The Guardian. With that in mind, it might pay to avoid the glamorous and focus on safer investments like corporate bonds or dividend stocks. Investing small sums consistently can be rewarding, thanks to the benefits of compounding interest. For instance, investing $30 each week for a period of 20 years can add up to over $76,000, assuming it compounds at 8% annually. Read more: Rich, young Americans are ditching the stormy stock market — Buying lottery tickets or going all in on a new cryptocurrency is rarely a good idea, regardless of your age. But the risks are magnified when you're older and approaching the end of your career. Instead of indulging in wishful thinking that a meme-coin or random penny stock is going to make you rich overnight, consider the safer path to retirement. Focus on assets that are relatively stable and can act as a hedge against inflation, like gold. A gold IRA can be a valuable tool — it combines the inflation-resistant properties of the precious metal with the tax advantages of an IRA. One way to invest in gold that also provides significant tax advantages is to open a gold IRA with the help of Thor Metals. Gold IRAs allow investors to hold physical gold or gold-related assets within a retirement account, thereby combining the tax advantages of an IRA with the protective benefits of investing in gold, making it an attractive option for those looking to potentially hedge their retirement funds against economic uncertainties. To learn more, you can get a free information guide that includes details on how to get up to $20,000 in free metals on qualifying purchases. Rental income from a robust portfolio of real estate is a great way to enhance your passive income in retirement. But if you're on a fixed income, you should recognize the fact that your capacity for risk is much lower. As a retired landlord, you can't afford a sudden housing market crash or interest rate volatility. One option to make your dollars stretch is to consider tapping into the $36 trillion U.S. home equity market by investing in home equity agreements (HEAs). Homeshares allows accredited investors to gain direct exposure to hundreds of owner-occupied homes in top cities across the country through their U.S. Home Equity Fund. This approach enables investors to unlock lucrative real estate opportunities without the headaches of buying, owning or managing properties. With risk-adjusted target returns ranging from 14% to 17%, the Homeshares U.S. Home Equity fund offers accredited investors a low-maintenance alternative to traditional property ownership. Despite what salesmen might say, whole life insurance isn't always the ideal retirement vehicle. These plans can usually be more expensive than term life insurance, and you have limited control over how the capital is invested. Instead, you could consider term life insurance that protects your loved ones if the worst comes to pass. With Ethos Insurance you can sign up and get instant life insurance without any medical exams or blood tests. The process takes just 10 minutes, and you can get up to $3 million in coverage starting at just $2 per day. Ethos has a 30-day free look period with a money-back guarantee, meaning you can get a full refund if you aren't satisfied. JPMorgan sees gold soaring to $6,000/ounce — use this 1 simple IRA trick to lock in those potential shiny gains (before it's too late) Are you rich enough to join the top 1%? Here's the net worth you need to rank among America's wealthiest — plus a few strategies to build that first-class portfolio You're probably already overpaying for this 1 'must-have' expense — and thanks to Trump's tariffs, your monthly bill could soar even higher. Here's how 2 minutes can protect your wallet right now Access to this $22.5 trillion asset class has traditionally been limited to elite investors — until now. Here's how to become the landlord of Walmart or Whole Foods without lifting a finger This article provides information only and should not be construed as advice. It is provided without warranty of any kind.

Sunday shows preview: Trump-Musk spat leaves admin reeling; ‘Big, beautiful bill' hits speed bump
Sunday shows preview: Trump-Musk spat leaves admin reeling; ‘Big, beautiful bill' hits speed bump

Yahoo

timean hour ago

  • Yahoo

Sunday shows preview: Trump-Musk spat leaves admin reeling; ‘Big, beautiful bill' hits speed bump

President Trump and tech billionaire Elon Musk's feud spilled out in public on Thursday, with the world's richest man and the world's most powerful leader trading barbs that engulfed news cycles in Washington and abroad. Musk, a Trump ally, was vocal about his disappointment with Trump's 'Big, Beautiful Bill' currently sitting in the Senate. Musk, who spent millions during the 2024 presidential campaign to help elect Trump, called the massive piece of legislation a 'disgusting abomination.' Trump then weighed in on Thursday at the White House during German Chancellor Friedrich Merz's visit, saying, 'Elon and I had a great relationship. I don't know if we will anymore.' The spat intensified, with Musk floating the prospects of creating a third party, claiming that without his political contributions, Trump would not be victorious against ex-Vice President Harris in November and accusing the president of having ties to convicted sex offender Jeffrey Epstein. Trump threatened to cut off federal contracts awarded to Musk's companies. Later on Thursday, Musk signaled he might be open to brokering a truce with the commander-in-chief. After speaking with several news outlets Friday morning, Trump suggested he is ready to move on and indicated that he will not be speaking with Musk for a while. Trump told CNN Friday morning that he is 'not even thinking about Elon' and added that the SpaceX and Tesla CEO has 'got a problem. The poor guy's got a problem.' In the Senate, Trump's agenda bill, which passed the House chamber last month, has sparked concerns and criticism from GOP senators. The first group of GOP Sens., which consists of Susan Collins (R-Maine), Lisa Murkowski (R-Alaska), Jerry Moran (R-Kan.) and Josh Hawley (R-Mo.), are arguing they could vote against the bill if it slashes Medicaid benefits. Others, including Sens. Rand Paul (R-Ky.) and Ron Johnson (R-Wis.) have previously said they would not back the legislation if it retains the current debt and spending levels. The GOP can have three defections total if all Democrats vote against the legislation. Sen. Johnson will be on CNN's 'State of the Union where he will likely discuss if any of his concerns regarding the 'Big, Beautiful Bill' have been addressed. As part of a push to root out waste, fraud and abuse within Medicare, Sen. Thom Tillis (R-N.C.) said this week that a bill sponsored by Sens. Bill Cassidy (R-La.) and Jeff Merkley (D-Ore.), that would crack down on Medicare Advantage overpayments known as 'upcoding,' could be inserted into Trump's massive legislation. Cassidy will be on NewsNation's 'The Hill Sunday,' where he will likely discuss the latest on the reconciliation package along with his recent visit to the White House. NewsNation's 'The Hill Sunday': Sen. Bill Cassidy (R-La.); Rep. Sarah Elfreth (D-Ma); U.S. Chamber of Commerce chief policy officer Neil Bradley. ABC's 'This Week': Ukrainian President Volodymyr Zelenskyy; House Speaker Mike Johnson (R-La.). NBC's 'Meet the Press': Sens. James Lankford (R-Okla.), and Cory Booker (D-N.J.). CNN's 'State of the Union': 'Sens. Bernie Sanders (I-Vt.), Ron Johnson (R-Wis.), and Markwayne Mullin (R-Okla.); Rep. Nicole Malliotakis (R-N.Y.). CBS' 'Face the Nation': National Economic Council Director Kevin Hassett; Sen. Amy Klobuchar (D-Minn.); Rep. Tony Gonzales (R-Texas); Save the Children U.S. President and CEO Janti Soeripto. 'Fox News Sunday': Office of Management and Budget Director Russ Vought; Sen. Rick Scott (R-Fla.); Rep. Michael McCaul (R-Texas). Fox News' 'Sunday Morning Futures': White House Press Secretary Karoline Leavitt; Secretary Of Interior Doug Burgum, Sen. Rand Paul (R-Ky.); House Ways And Means Committee Chairman Rep. Jason Smith (R-Mo.); Rep. Marjorie Taylor Greene (R-Ga.). Copyright 2025 Nexstar Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into the world of global news and events? Download our app today from your preferred app store and start exploring.
app-storeplay-store