Commerce Department proposes another Canadian lumber tariff
By Brena Swanson | HousingWire
U.S. Secretary of Commerce Wilbur Ross announced a new proposed Canadian lumber tariff in addition to the tariff the Trump administration recently announced on Canadian softwood lumber imported into the U.S.
So why is this important? Softwood lumber is made from trees that have cones, such as spruce, pine and fir. It’s primarily used in home construction, and the U.S. is also Canada’s biggest export market.
According to the National Association of Home Builders, the steep increase would have a drastic financial impact on homebuilders and homebuyers.
