The National Lumber and Building Material Dealers Association (NLBMDA) and the National Association of Home Builders (NAHB) both issued statements in opposition to the Department of Commerce’s move to increase countervailing and antidumping duties on Canadian softwood lumber imports from 8.99% to 18.32% by the end of the year.
“As the voice of the LBM Industry across the U.S., NLBMDA strongly criticizes the decision by the U.S. Department of Commerce to double tariffs on Canadian softwood lumber products and demands that the Biden administration reverse their ruling before this increase is allowed to take effect,” Jonathan Paine, NLBMDA president and CEO, said in a prepared statement. “These tariffs are a tax on American consumers and will further aggravate the affordable housing crisis afflicting communities across the country. As the U.S. economy continues to face record-high lumber price volatility and uncertainty, the Biden administration should be seeking out a permanent trade agreement with Canada that eliminates tariffs and brings long-term stability to the supply and pricing of softwood lumber.”
Read More
