U.S. trade chief pressured to lift duties on Canadian lumber
WASHINGTON (Reuters) - As U.S. Trade Representative Katherine Tai prepares to meet her Canadian and Mexican counterparts on Monday to review progress in the new North American trade agreement, she is under pressure from home builders and lawmakers to cut U.S. tariffs on Canadian lumber.
Shortages of softwood lumber amid soaring U.S. housing demand and mill production curtailed by the COVID-19 pandemic have caused prices to triple in the past year, adding $36,000 to the average cost of a new single-family home, according to estimates by the National Association of Home Builders (NAHB).
Republican lawmakers have taken up the builders' cause, asking Tai during hearings in Congress last week to eliminate the 9% tariff on Canadian softwood lumber imports. Senator John Thune told Tai that high lumber costs were "having a tremendous impact on the ground" in his home state of South Dakota and putting homes out of reach for some working families.
The Trump administration initially imposed 20% duties in 2018 after the collapse of talks on a new quota arrangement, but reduced the level in December 2020.
https://www.yahoo.com/news/u-trade-chief-pressured-lift-165148816.html
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who was it that said "trade wars are easy to win"?
Didn't you read "The Art of the Deal?"
ALL of your questions could have been answered - if you paid enough!!! 