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WASHINGTON - The U.S. Department of Commerce says it will seek to double tariff rates on most Canadian softwood lumber, angering home builders.
New rates vary by company. West Fraser goes from 9 percent to 11.4 percent, Canfor from 4.6 to 21 percent, Resolute Forest from 20.3 to 30.2 percent, and J.D. Irving from 4.2 to 15.8 percent.
The overall increase is from 9 percent to 18.32 percent.
Home builders, who had been urging for a removal of tariffs, expressed their disappointment.
“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 to double the tariffs on Canadian lumber shipments 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, said National Association of Home Builders chairman Chuck Fowke.
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WASHINGTON, May 21, 2021 /PRNewswire/ The U.S. Department of Commerce today issued its preliminary determination in the second administrative review of softwood lumber imports from Canada, and once again confirmed that Canadian imports are heavily subsidized and dumped into the U.S. market by issuing a combined anti-subsidy and anti-dumping duty rate of 18.32%. A level playing field is a critical element for continued investment and growth for U.S. lumber manufacturing to meet strong building demand to build more American homes, said Jason Brochu, U.S. Lumber Coalition Co-Chair and Co-President of Pleasant River Lumber Company. The U.S. Lumber Coalition applauds the Commerce Department s continued commitment to strongly enforce the U.S. trade laws against subsidized and unfairly traded Canadian lumber imports.
U S Lumber Coalition: U S Department of Commerce s Continued Trade Enforcement Leads to Robust Domestic Lumber Industry Capacity Expansion prnewswire.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from prnewswire.com Daily Mail and Mail on Sunday newspapers.