Tackling tariffs
Navigating the fast-changing implications of Trump's tariffs for commodity trading
A tariff is a tax that governments place on imported or exported goods. These taxes can impact the cost of products, trade relationships and how businesses operate. With Donald Trump as the 47th US president, shifts in tariff policies are changing global trade, manufacturing and supply chains.
Higher costs and supply chain challenges are indeed possible going forward. But businesses now have the chance to grow in different markets and improve their trade practices. Understanding tariffs and how they affect trade is essential for keeping ahead of the competition.
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Fastmarkets provides you with actionable insights. Use our market intelligence on tariff updates to make smarter decisions in agriculture, forest products, metals, mining and battery raw materials.
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Discover how fast-changing Trump tariffs and climate policies are impacting US and global commodity markets.
North American lumber industry struggles with closures, tariffs and post-pandemic demand shift
On April 2, 2025, US President Trump announced comprehensive import tariffs that had long been feared. According to Trump, the goal is to restructure US trade policy by implementing extensive tariffs, collectively called the “Liberation Day” tariffs. This initiative introduced a universal 10% tariff on all imports, effective April 5, 2025, with additional country-specific tariffs […]
US automakers boost domestic production to counter 25% auto tariffs
Trading in most markets stalled after Wednesday’s announcement that lumber imports from Canada would be exempt from the newly imposed tariffs by the Trump administration. The most notable immediate impact was seen in lumber futures, where prices tumbled more than $50 on Thursday. In most physical markets, prices adjusted mildly in both directions. While digesting […]
Global pulp markets were once again upended by new tariffs that went into effect at midnight on Thursday April 3. The announcement came hours after US President Donald Trump held a long-awaited press conference at the White House. In an event he for weeks had billed as “Liberation Day,” he announced a “final decision” on […]
A raft of commodities including steel, aluminium, and copper emerged from Wednesday April 2, which was dubbed ‘Liberation Day’ in the United States, with a reprieve from reciprocal tariffs
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