Takuechi Finance Takuechi Finance
Follow us on Twitter Follow us on LinkedIn Follow us on Instagram
Daily construction news
Weekly equipment news

Construction News

Sun April 22 2018

Related Information
Related Information
Related Information
Related Information

News » Canada » US ups tariffs on Canadian lumber » published 27 Jun 2017

US ups tariffs on Canadian lumber

The chairman of the Washington-based National Association of Home Builders (NAHB) has criticized the US Commerce Department’s plan to impose up to 7.7% anti-dumping duties on Canadian lumber imports.

Granger MacDonald said: “This latest action by the Commerce Department to impose anti-dumping duties of up to more than 7% on Canadian lumber shipments into the US is basically another tax on American home builders and home buyers that will jeopardize affordable housing in America.”

The USA had already announced a 20% lumber duty in April (link opens in new tab).

“Adding this new tariff to the proposed 20% countervailing lumber duty that the Trump administration slapped on imports of lumber this spring means that total tariffs would be a whopping 27%,” said MacDonald. “Given that lumber is a major component in new home construction, the combined duties will harm housing affordability and price countless American households out of the housing market.”

He added that, with the US housing sector regaining its footing, imposing arbitrary protectionist restrictions to subsidize domestic lumber producers will blunt this forward momentum and make homeownership more expensive for hard-working families. “Clearly, this is not the way to resolve the US-Canada lumber trade dispute or to boost the American economy,” he said.

The US relies on Canada for approximately one-third of its lumber needs because of the limited domestic timber supply available for harvesting, according to the NAHB. “Policymakers need to take steps to significantly reduce red tape that prevents the US Forest Service from better managing its timber lands and increase the delivery of domestic timber products into the market.”

 

MPU

Download our free construction news iPhone / iPad app. Sign up to our FREE email newsletters or subscribe to our RSS feed for regular updates on the latest Construction News, Equipment News, & Contract News. The Construction Index also provides the latest Construction Tenders, Construction Market Data & Construction Law Commentary all FREE.

This article was published on 27 Jun 2017 (last updated on 27 Jun 2017).

More News Channels