US TARIFF SHIFTS EASE CANADIAN PLYWOOD , HIT CARPETS

What happened: The US recalibrated its 50% duties on certain Canadian products, easing tariffs on goods including Canadian plywood, covered paper products, machinery and refrigeration equipment, while hitting covered Canadian carpets and certain valves. Key numbers: Additional 50% duties on certain Canadian products took effect August 19, 2026. Why it matters: US importers of covered plywood and paper products face a sharply lower customs burden, while carpet buyers must absorb costs, raise prices or switch suppliers. Canada's forestry sector called for stable, rules-based trade.

The US recalibrated its 50% duties on certain Canadian products, easing tariffs on goods including Canadian plywood, covered paper products, machinery and refrigeration equipment, while hitting covered Canadian carpets and certain valves.

US importers of covered plywood and paper products face a sharply lower customs burden, while carpet buyers must absorb costs, raise prices or switch suppliers. Canada's forestry sector called for stable, rules-based trade.