Trump Slaps Duty on Canadian Lumber, Intensifying Trade Fight
- Step will raise cost of home-building, mattress box springs
- Canada vows to fight back against ‘unfair” import duties
Trump Announces Tariff on Canadian Lumber
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U.S. President Donald Trump intensified a trade dispute with Canada, slapping tariffs of up to 24 percent on imported softwood lumber in a move that drew swift criticism from the Canadian government, which vowed to sue if needed.
Trump announced the new tariff at a White House gathering of conservative journalists, shortly before the Commerce Department said it would impose countervailing duties ranging from 3 percent to 24.1 percent on Canadian lumber producers including West Fraser Timber Co.