Lumber Is Crazy Expensive Right Now. Biden Is About To Make It Worse.

Posted on AllSides June 3rd, 2021
From The Right
ANALYSIS

Amid surging lumber prices that are already adding an average of $36,000 to the construction cost of new homes, the Biden administration is moving forward with plans to double tariffs on lumber imported from Canada.

The Commerce Department announced on Friday that it was taking the first step toward hiking so-called "anti-dumping tariffs" on Canadian lumber from an average rate of 8.99 percent in 2018 to 18.32 percent for 2019. Yes, 2019. If approved through what is likely to be a lengthy review process, the tariffs would apply retroactively to purchases made for the...

Read full story
Some content from this outlet may be limited or behind a paywall.
https://reason.com/2021/06/02/lumber-is-crazy-expensive-right-now-biden-is-about-to-make-it-worse/

More News about Economy and Jobs from the Left, Center and Right

From the Left

From the Center

From the Right