The United States Chamber of Commerce is moving forward with an administrative review to double tariffs on Canadian softwood lumber shipments to the United States to 17.9 percent from 9 percent.
The National Association of Home Builders (NAHB) condemned the move, calling it “the worst time” to raise housing costs as the United States faces a nationwide housing affordability crisis.
“Home builders are grappling with bottlenecks in the supply chain for lumber and other building materials that drive up construction costs. And consumers are facing rising inflation that pushes mortgage interest rates up, ”said Chuck Fowke, president of the NAHB.
Fowke called on the White House to end tariffs and help restore price stability in the timber market.
According to a press release from the US Lumber Coalition, lumber producers south of the border are expected to have produced an additional 17.5 billion board feet of lumber through 2021, an average of 3 , 5 billion per year, thanks to the current tariffs.
British Columbia is Canada’s largest exporter of softwood lumber to the United States. get out of the COVID-19 pandemic.
“We remain steadfast in our common position with industry that British Columbia’s forest policies are trade-compliant, and these obligations continue to hurt BC’s forest sector and the thousands of hard-working families in industry, ”British Columbia Minister of Forests Katrine Conroy and Minister of Employment. Ravi Kahlon said in a joint press release.
Susan Yurkovich, chair of the BC Lumber Trade Council, said previous rounds of litigation proved that Canadian industry was not subsidized.
“Our firm hope is that the US industry will end this decades-long litigation and instead work with us to further increase the demand for the low-carbon wood products the world wants. Until then, we will continue to vigorously defend our industry against these baseless allegations, ”Yurkovich said.