Trump has vowed punishing tariffs on Mexico, Canada and China, which are Texas’ biggest international trading partners.
Base metal prices were mixed, with LME three-month copper up 0.5% at $9,116 a metric ton and LME three-month aluminum down 0.1% at $2,618.50 a ton.
The US imports more wood from Canada than any other country, and tariffs will raise construction costs in an already tight market where nearly half of Americans can’t afford a home.