The National Association of Home Builders (NAHB) urged the Biden administration to increase domestic production of timber from federal lands and to work with Canada on a new softwood lumber agreement that will eliminate tariffs.
The preliminary determination of a combined anti-subsidy and anti-dumping duty rate of 11.64% in the third annual review of traded Canadian softwood lumber imports into the United States.
Last week, within hours after Trump announced the 25 percent tariff on steel and 10 percent on aluminum, many industries rose up in protest, said Gene Wengert, the Wood Dr. “Auto manufacturing indicated that this tariff would raise prices, affect sales and cause large (maybe 200,000) unemployment,” he said. “These industries responded within hours of Trump’s action. The stock market lost around 2 percent.”