Announced in mid-July, a new 50% tariff on Canadian goods, including lumber, will go into effect on Aug. 19, 2026. That is, unless the two countries strike a different deal in a week. As first reported by North Country Public Radio (NCPR) in Canton, New York, a community close to the Canadian Border is preparing for the effects. James Putman, owner of JP Building Supply, which provides local homebuilders and contractors with building materials and lumber, noted that even though his business was doing well, he imports about a third…
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What new 50% tariffs on Canadian goods mean for contractors
President Trump announced additional tariffs of 50% on a variety of Canadian goods. This move will likely broadly affect the residential construction industry’s bottom line, already facing higher construction material costs throughout 2026. Canadian goods affected in this deal are lumber, including plywood and engineered wood products, cermets, plastic, rubber, furniture, among other items. The administration announced that this move is to hold Canada accountable for its continued discrimination against and unreasonable and unequal treatment of U.S. commerce. It will go into effect beginning August 19, 2026. “While contractors remain…
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