‘Deeply disappointed’: Ontario ministers warn of rising housing costs in U.S. due to softwood lumber duties
- Ontario is "deeply disappointed" that the United States intends to drastically raise duty rates on Canadian softwood lumber exports later this year.
- These measures will raise construction costs and further strain housing affordability for American families, according to Ontario ministers.
- The forestry sector generates close to $23 billion in revenue and employs more than 137,000 Ontarians, highlighting its importance to the province's economy.
- The majority of the lumber used in homebuilding in the U.S. Comes from Canada, and new barriers will increase the cost of a house, as mentioned by Ontario ministers.
11 Articles
11 Articles
U.S. to significantly hike softwood lumber duties, landing fresh blow to B.C. forestry industry
The U.S. is set to more than double the duty it charges on softwood lumber imports from Canada, with the planned new rate set at 34.45 per cent, up from the previous 14.54 per cent.
‘Deeply concerned’: Ontario ministers warn of rising housing costs in U.S. due to softwood lumber duties
Two members of the Ontario cabinet are slamming the United States for its plan to sharply increase duties on Canadian softwood lumber, warning that such measures could drive up housing costs in the U.S. and threaten more than 130,000 industry jobs.
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