Economy

US Doubles Tariffs on Canadian Softwood Lumber and Contractors Expect Higher Prices

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The Commerce Department has imposed tariffs of 17.99% on Canadian lumber imports, more than twice the rate of 8.99% during the Trump administration. (Shutterstock)
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The Biden administration’s Commerce Dept. on Nov. 24 followed through with expected anti-dumping and countervailing duties on Canadian softwood lumber producers, placing tariffs of 17.99% on their imports, more than twice the rate of 8.99% during the Trump administration.

“They are … a tax on U.S. consumers, raising the costs of housing, renovations, and rentals at a time when housing affordability is already a significant concern for many,” said Mary Ng, Canada’s minister of international trade.

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