canadian tariff

Woodworking Industry News

Reduced tariffs draws applause

Chuck Fowke, chairman of the National Association of Home Builders, applauded the Commerce Department’s third preliminary finding to reduce tariffs on Canadian softwood lumber imports into the U.S. from 17.99 percent to 11.64 percent.

Woodworking Industry News

Lumber tariffs don’t draw protests of steel and aluminum

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.”