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.
March 19, 2026 - 04:45
Climate Finance Has Failed Africa Twice Over. Here’s How To Fix It.The global system designed to fund climate action is failing Africa profoundly and on two critical fronts. Not only is the continent receiving a minuscule fraction of the necessary financing to...
March 18, 2026 - 21:44
Fed meeting live updates: Federal Reserve holds rates steady, forecasts 1 rate cut in 2026In a widely anticipated move, the Federal Reserve concluded its June policy meeting by holding its benchmark interest rate steady at a 23-year high. The decision underscores the central bank`s...
March 18, 2026 - 00:00
New Rules Reshape the Home Equity Line of Credit LandscapeThe familiar flexibility of the Home Equity Line of Credit (HELOC) is undergoing a significant shift. Driven largely by nonbank lenders entering the market, new requirements are emerging that could...
March 17, 2026 - 04:47
Close Brothers plunges as short seller claims it understated car finance risksShares in Close Brothers Group suffered a dramatic fall, dropping as much as 14% in a single trading session. The sharp decline was triggered by a report from short-selling firm Viceroy Research,...