U.S. Ambassador to India Gor says he discussed bilateral issues with PM Modi
U.S. Ambassador to India Sergio Gor said he held talks with Indian Prime Minister Narendra Modi, focusing on key bilateral issues including trade, def...
U.S. President Donald Trump signed an executive order on Saturday directing a new national security investigation into imported lumber under Section 232 of the Trade Expansion Act of 1962.
The probe, aimed at potentially imposing additional tariffs on imported lumber and its derivative products, comes as part of broader efforts to rebuild U.S. production of the critical commodity.
The order mandates that Commerce Secretary Howard Lutnick complete the investigation within 270 days. It covers not only raw lumber but also derivative products—such as kitchen cabinets—where U.S.-harvested lumber may be exported and then re-imported. In a related measure, Trump’s order calls for agency heads to implement new steps within 90 days to streamline the permitting process for harvesting timber from public lands and to enhance the salvage of fallen trees, aiming to increase the domestic supply of lumber.
White House trade adviser Peter Navarro emphasized that the probe is intended to counteract actions by major lumber exporters, including Canada, Germany, and Brazil, which he accused of “dumping lumber into our markets at the expense of both our economic prosperity and national security.” Any tariffs imposed as a result of the investigation would be added to existing duties, including a combined 14.5% anti-dumping and anti-subsidy tariff on Canadian softwood lumber. These tariffs stem from a longstanding U.S.-Canada dispute over Canada’s low stumpage fees on public lands—a practice Washington argues amounts to an unfair subsidy.
The new probe is the third tariff-related investigation ordered by Trump in the past week. It follows his directive earlier this month to launch a Section 232 investigation into copper imports and a separate order reviving investigations into tariffs on goods from countries imposing digital services taxes on U.S. technology companies. Trump has also threatened a 25% general tariff on all Canadian and Mexican goods unless those countries address border security and curb fentanyl trafficking.
A White House official underscored the national security risks posed by an increasing reliance on imported lumber, noting that the U.S. military consumes significant quantities of the commodity for construction projects, even though domestic supplies are ample. Home builders, however, have long criticized existing tariffs for raising lumber prices and contributing to home price inflation.
As the Commerce Department gears up to complete its investigation, industry watchers and policymakers alike will be closely monitoring the potential impact on domestic lumber production and U.S. trade relations with key partners.
Video from the USGS (United States Geological Survey) showed on Friday (19 September) the Kilauea volcano in Hawaii erupting and spewing lava.
At least 69 people have died and almost 150 injured following a powerful 6.9-magnitude earthquake off the coast of Cebu City in the central Visayas region of the Philippines, officials said, making it one of the country’s deadliest disasters this year.
Authorities in California have identified the dismembered body discovered in a Tesla registered to singer D4vd as 15-year-old Celeste Rivas Hernandez, who had been missing from Lake Elsinore since April 2024.
A powerful 7.4-magnitude earthquake struck off Russia’s Kamchatka Peninsula on 13 September with no tsunami threat, coming just weeks after the region endured a devastating 8.8-magnitude quake — the strongest since 1952.
A shooting in Nice, southeastern France, left two people dead and five injured on Friday, authorities said.
A federal jury in Marshall, Texas, ruled on Friday that Samsung Electronics must pay nearly $445.5 million in damages to patent holder Collision Communications for infringing patents linked to 4G, 5G, and Wi-Fi communication standards.
Gold prices rose above $4,000 an ounce for the first time on Wednesday, fuelled by investor demand for safe-haven assets amid rising geopolitical tensions and expectations of U.S. interest rate cuts.
U.S. shares ended Tuesday in negative territory as investors, cut off from official economic data due to the ongoing government shutdown, looked to alternative indicators and comments from Federal Reserve officials for guidance on economic weakness and monetary policy.
Elon Musk’s artificial intelligence startup xAI is targeting a $20 billion capital raise linked to Nvidia hardware, Bloomberg News has reported.
Türkiye’s benchmark stock index, the BIST 100, closed Tuesday at 10,814.11 points, up 0.74% from the previous session.
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