Sen. Lisa Murkowski, R-Alaska, arrives to chair the Senate Energy and Natural Resources Committee hearing on near-term outlook for energy and commodity markets on Tuesday, jan. 19, 2016. (Bill Clark/CQ Roll Call)
When President Donald Trump signed an executive order in April to impose a tariff on Canadian softwood lumber, the administration and its supporters heralded the move as an equalizing measure meant to bolster domestic timber production.
For Trump, the tariff was the latest move meant to build on his “America First” campaign platform. The action his administration took amounted to a tariff in the form of an import tax totaling around 20 percent for softwood lumber imports from Canada. Commerce Secretary Wilbur Ross estimated the measure could result in $1 billion a year from Canadian lumber imports, which make up about one-third of the U.S. lumber market.