The Commerce Department issued its third administrative review to reduce duties on shipments of Canadian lumber into the United States from 17.99% to 11.64%.
"Trade law enforcement has resulted in dramatic growth of U.S. made lumber by mitigating the harmful effects of Canada's subsidized and unfairly traded imports," stated Jason Brochu, U.S. Lumber Coalition Chairman and Co-President of Pleasant River Lumber Company. "The enforcement will maximize long-term domestic production and lumber availability to meet strong demand to build more American homes," added Brochu.
Following the Commerce action, the National Association of Home Builders (NAHB) Chairman Chuck Fowke issued the following statement:
“NAHB welcomes the Biden administration’s move to reduce duties from 17.99% to 11.64% on softwood lumber shipments from Canada into the U.S. Reducing these tariffs is an important step forward to addressing America’s growing housing affordability crisis and easing extreme price swings in the lumber market that have added more than $18,600 to the price of a new home since late summer.
“To help further address the nation’s housing affordability challenges, we encourage the Biden administration to build on today’s positive development by taking the following actions: enter into negotiations with Canada to achieve a new softwood lumber agreement that will eliminate duties; increase the domestic supply of timber from public lands in an environmentally responsible manner; and seek immediate remedies to the lumber and building materials supply chain that will increase production and lower construction costs.”
The U.S. Lumber Coalition is an alliance of large and small softwood lumber producers from around the country, joined by their employees, and woodland owners, working to address Canada's unfair lumber trade practices.
The National Association of Home Builders (NAHB) is one of the largest trade associations in the United States,representing the interests of home builders, developers, contractors, and associated businesses.
