Our two biggest markets, China and Canada, got shut off essentially within a week of one another.
Joe Carrier
Co-owner of Hardwood Sawmill
Right now, there are just a ton of questions and very few answers.
Dan Dolan
President of the New England Power Generators Association
Tariff rate on steel
25%
Key Facts
- New Hampshire businesses are experiencing sudden impacts from increased tariffs, particularly the recently reinstated 25% tariff on steel and an increase in aluminum tariffs from 10% to 25%.
- An advisory from the New Hampshire Department of Business and Economic Affairs recommends supply chain diversification and financial protection strategies to cope with tariff impacts.
- Housing industry forecasts are closely tied to wood prices affected by Canadian tariffs, adding another layer of complexity to market conditions.