According to NAHB, it’s a punch in the stomach for buyers and builders in the United States
National House Builders Association President Chuck Fowke released the following statement after US Commerce launched an administrative reform last week to double tariffs on Canadian lumber shipments to the United States.
“As the country is experiencing an affordability crisis, the Biden administration has tried to impose an unwanted tax hike on American buyers and tenants by doubling tariffs on Canadian timber shipments to the United States. The worst period of unnecessary housing, costs on the shoulders of hard-working American families, home builders with shortages in the supply chain of lumber and other building materials, construction costs drive construction costs, and consumers experience inflation higher interest rates.
“This decision reaffirms the historic national financial commitment made in the Build Back Better legislation and undermines the efforts of Commerce Secretary Raimondo and other Biden government officials to address timber and material supply problems. Double tariffs will only increase the volatility of the market and upward pressure. Rather than pushing China and Europe into low-cost trade deals, the White House must change course and immediately commit to working with our Canadian partners on a long-term solution to the trade dispute that will help to remove tariffs. Restoration of stability in the United States. The market price of wood. “