Lumber Prices: Tariffs Combine With Tight Supply for Sharp Increases
Wednesday, 16 May 2018 () Lumber prices responded to tariffs and short supply, with futures rising to another record on Tuesday thanks to a confluence of import tariffs, transport bottlenecks and strong housing demand.
President Donald Trump just announced that the US will withdraw from the Iranian nuclear deal. The decision is expected to have major economic consequences. 250,000 to 500,000 barrels per day of Iranian oil will be removed from the market. The decrease in supply will likely increase oil prices and...
US automakers were left by the side of the road in the escalating trade war with China. China fired back with tariffs on US products, including cars made by the Big Three. Ford, General Motors, and.. Source: Wochit News -