US Doubles Tariffs on Canadian Softwood Lumber and Contractors Expect Higher Prices
US Doubles Tariffs on Canadian Softwood Lumber and Contractors Expect Higher Prices
The Biden administration’s US Commerce Dept. on Nov. 24 followed through with expected anti-dumping and countervailing duties on Canadian softwood lumber producers, placing tariffs of 17.99% on their imports, more than twice the rate of 8.99% during the Trump administration.
“These unjustified duties harm Canadian communities, businesses, and workers,” said Mary Ng, Canada’s minister of international trade, in a sharply worded statement. “They are also a tax on U.S. consumers, raising the costs of housing, renovations, and rentals at a time when housing affordability is already a significant concern for many.”