‘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.
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Lumber duty on Washington wants to double the rate of producers here
Already in the Trump administration's line of sight, another blow of clubs is waiting for the construction timber producers: the customs duties currently imposed on them south of the border are likely to double because of an old dispute that persists with Washington.
·Montreal, Canada
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Total News Sources25
Leaning Left7Leaning Right1Center5Last UpdatedBias Distribution54% Left
Bias Distribution
- 54% of the sources lean Left
54% Left
L 54%
C 38%
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