NLBMDA condemns increase on softwood lumber tariffs
The National Lumber and Building Material Dealers Association (NLBMDA) has responded with condemnation regarding the U.S. Department of Commerce’s decision on Canadian softwood lumber imports.
The Department of Commerce announced that it is moving forward with its second administrative review to double countervailing and antidumping duties on Canadian softwood lumber imports from 9% to 17.9%.
A plan to hike the rate to more than 18% was first announced last May. But the department approved a modified increase on Nov. 24. In the meantime, lumber prices have jumped back up to record levels in recent weeks.
Earlier this year, the NLBMDA met with the Canadian Embassy in hopes of renewing softwood lumber talks with the United States. The NLBMDA has been a proponent of reduced tariffs and the need for a new softwood lumber agreement, noting current rates and prices are hurting housing affordability.
The NLBMDA issued the following statement in response to the move:
“NLBMDA strongly condemns the decision by the U.S. Department of Commerce to double tariffs on Canadian softwood lumber imports and calls on the Biden administration to reverse this unnecessary action,” said Jonathan Paine, NLBMDA President and CEO. “As the economy continues to grapple with crippling supply chain disruptions and price volatility, now is the wrong time to impose a new tax on American consumers and small businesses through additional tariffs. These tariffs will only exacerbate the nation’s affordable housing shortage and amplify existing challenges facing lumber and building material dealers."
“This decision is even more troubling given that it directly contradicts the Administration’s previous efforts to address global supply chain disruptions, such as lifting tariffs on European steel and aluminum. NLBMDA strongly urges the Biden administration to pursue a permanent trade agreement with Canada that eliminates tariffs and brings long-term stability to the supply and pricing of softwood lumber.”
