U.S. Cuts Tariffs On Canadian Softwood Lumber
The U.S. Department of Commerce is lowering tariffs for most producers to 8.59 pe cent.
The U.S. Department of Commerce is lowering tariffs for most producers to 8.59 pe cent.
The provincial government will raise prices by roughly $10 per cubic metre, resulting in an extra $50 million in revenue.
The owner of four Home Hardware stores in Greater Moncton just added two new southeast New Brunswick Home Hardware locations to its roster.
Ron Marcolin, divisional vice-president of the Canadian Manufacturers And Exporters, says the United States doing today with lumber what it did with steel and aluminium tariffs a few years ago.
The U.S. Commerce Department announced November 24 that tariffs for most producers would increase to 17.9 percent. That is nearly double the current rate of 8.99 percent.
Jason Brunt, president of Clayton Developments Limited, says the huge markup in prices will mean higher rents when new apartment units are complete.
Goodwood Plastic has spent the last two years turning discarded shopping bags and other waste plastics into lumber that can be used to build things like decks.
New Brunswick Premier Brian Gallant will talk trade with Secretary of Commerce Wilbur Ross Jr.