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The Biden administration doubled Trump’s original tariff on Canadian lumber, adding thousands to the cost of each new house. ... Trump has scheduled higher tariffs on Canadian goods, including ...
Days later, the trade group warned lumber costs would spike by 40% – even higher than the 25%, – if the tariff on softwood lumber products from Canada is imposed, because the tariffs would be ...
The order called for 25 percent tariffs on all exports from Mexico and all Canadian exports except for oil and energy, which would be taxed at 10 percent. Trump said the goal of the tariffs was to stop both illegal immigration to the U.S. and the supply of fentanyl across its borders with Canada and Mexico and to reduce the U.S.'s trade deficit.
Canada sees the potential for some movement toward settling a longstanding dispute with the United States over softwood lumber tariffs as the cost of building materials spikes south of the border ...
In 1996, the United States and Canada reached a five-year trade agreement, The Softwood Lumber Agreement, officially ending Lumber III. Under its terms, Canadian lumber exports to the United States were limited to 14.7 billion board feet (34.7 million cubic meters) per year. However, when the agreement expired on April 2, 2001, the two ...
Lumber hit an all-time high of $1,686 per thousand board feet this month, surging by 406 percent from the $333 it was trading at the same time last year. Should Joe Biden worry about soaring ...
Republican lawmakers have taken up the builders' cause, asking Tai during hearings in Congress last week to eliminate the 9% tariff on Canadian softwood lumber imports. U.S. trade chief pressured ...
President Donald Trump is preparing to levy 25% tariffs on imports from Canada and Mexico and a 10% tariff on goods from China effective Feb. 1, he reaffirmed Friday, despite concerns about the ...