By Daniel Walker Guido
The U.S. Department of Commerce’s actions to impose 12.6% anti-dumping duties and a 19.3% countervailing duty on Canadian lumber shipments is bad trade policy, bad economic policy, and would act as a new hidden tax on American home buyers, renters, and consumers.
So says Bobby Rayburn, vice president of the NAHB and a Mississippi home builder. “For consumers, [this] lumber tariff on Canadian imports could add up to $1,500 to the cost of an average home,” Rayburn says.
