March 2, 2025 - 06:56
In a significant move to enhance domestic lumber supplies, President Donald Trump has signed two key actions aimed at increasing production while addressing concerns over wood imports. The directive instructs the Commerce Department to conduct an investigation into the potential threats that lumber imports may pose to national security.
The administration's strategy focuses on streamlining the permitting process to facilitate the salvage of more wood from forests. Additionally, it seeks to broaden the range of wood products available for sale in the domestic market. A senior official from the White House, who chose to remain anonymous, provided insights into the actions during a conference call with reporters.
Furthermore, Trump has hinted at the possibility of imposing a 25% tariff on lumber imports, a measure that could significantly impact the pricing and availability of imported wood. These initiatives reflect the administration's commitment to bolstering the domestic lumber industry while addressing trade concerns.
August 1, 2025 - 22:13
Supreme Court Decision Affects Car Finance Compensation for MillionsIn a significant ruling, the Supreme Court has partially upheld an appeal from lenders, impacting the potential compensation for millions of motorists who sought payouts related to car finance...
August 1, 2025 - 05:37
Implications of Recent Court Ruling on Car Finance for MotoristsA recent court ruling is set to have significant repercussions for the car finance industry, potentially affecting millions of motorists. The case has raised critical questions about the fairness...
July 31, 2025 - 23:49
Hercules Capital Reveals Financial Performance for Q2 2025SAN MATEO, Calif., July 31, 2025—Hercules Capital, Inc. has announced its financial results for the second quarter ending June 30, 2025. As a prominent provider of specialty financing to...
July 31, 2025 - 00:31
Opportunity Finance Network Enhances Leadership Team with New ExpertiseOpportunity Finance Network (OFN) has announced a significant expansion of its senior leadership team, aimed at bolstering its commitment to community development financial institutions (CDFIs)....