02:11 PM EDT, 04/04/2025 (MT Newswires) -- The "Liberation Day" announcements put Canada and Mexico on relatively more favourable footing than we had expected, writes RBC. However, significantly increased tariffs for other U.S. trading partners are raising concerns around the outlook for demand/growth and inflation. Questions also remain around the extent to which the announced tariffs will be durable, and the potential for additional retaliation and fiscal action by the U.S. and its trading partners.

"We note that President Trump initiated a review of imports of all wood products (i.e., not just from Canada and Mexico) on March 1 that may result in further developments on tariffs, and that anti-dumping duties on Canadian lumber will still increase later this year," adds RBC. The analysts expect investors to remain cautious on a highly uncertain outlook.

"We would recommend revisiting stocks like Interfor ( IFSPF ) , and West Fraser Timber ( WFG ) .

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