US lumber companies applaud the doubling of tariffs, homebuilders angry
The U.S. Department of Commerce says it will seek to double tariff rates on most Canadian softwood lumber, angering home builders. New rates vary by company. West Fraser goes from 9 percent to 11.4 percent, Canfor from 4.6 to 21 percent, Resolute Forest from 20.3 to 30.2 percent, and J.D. Irving from 4.2 to 15.8 percent. The overall increase is from 9 percent to 18.32 percent. Home builders, who had been urging for a removal of tariffs, expressed their disappointment. “At a time ...
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