Biden administration moving to double tariffs on Canadian lumber despite already skyrocketing timber prices
© Provided by Washington Examiner
The Biden administration is recommending doubling tariffs on Canadian lumber despite the current skyrocketing prices for the materials for U.S. consumers.
"At a time when soaring lumber prices have added nearly $36,000 to the price of a new home and priced millions of middle-class households out of the housing market, the Biden administration's preliminary finding on Friday to double the tariffs on Canadian lumber shipments into the U.S. shows the White House does not care about the plight of American home buyers and renters who have been forced to pay much higher costs for housing," National Association of Home Builders chairman Chuck Fowke said in a statement.
The move, which would raise tariffs on Canadian lumber from 8.99% to 18.32%, comes as lumber pieces in the U.S. jumped 275% since last April.
https://www.msn.com/en-us/news/us/b...already-skyrocketing-timber-prices/ar-AAKrPq4
The Biden administration is recommending doubling tariffs on Canadian lumber despite the current skyrocketing prices for the materials for U.S. consumers.
"At a time when soaring lumber prices have added nearly $36,000 to the price of a new home and priced millions of middle-class households out of the housing market, the Biden administration's preliminary finding on Friday to double the tariffs on Canadian lumber shipments into the U.S. shows the White House does not care about the plight of American home buyers and renters who have been forced to pay much higher costs for housing," National Association of Home Builders chairman Chuck Fowke said in a statement.
The move, which would raise tariffs on Canadian lumber from 8.99% to 18.32%, comes as lumber pieces in the U.S. jumped 275% since last April.
https://www.msn.com/en-us/news/us/b...already-skyrocketing-timber-prices/ar-AAKrPq4