Biden
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US home builders push for new U.S.-Canada softwood lumber agreement
U.S. Lumber Coalition says duties a small part of record price With record North American lumber costs pushing home prices to new heights, the U.S. National Association of Home Builders has called on President Joe Biden’s administration to reach a long-term trade deal on Canadian softwood trade. In a letter to U.S. Trade Representative Katherine Tai, Home Builders chairman John Fowkes said his 140,000 member builders have seen lumber prices triple since April 2020. Fowkes noted he made a similar appeal to the Donald Trump administration and the lumber trade situation is more pressing today, as COVID-19-restricted homeowners have added their renovation projects to the demand. “The anti-dumping and countervailing duties currently in place on imported softwood lumber from Canada are aggravating already high lumber prices, and tariffs on other products are also contributing to... Continue reading
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May 6, 2021
US home builders push for new U.S.-Canada softwood lumber agreement
U.S. Lumber Coalition says duties a small part of record price With record North American lumber costs pushing home prices to new heights, the U.S. National Association of Home Builders has called on President Joe Biden’s administration to reach a long-term trade deal on Canadian softwood trade. In a letter to U.S. Trade Representative Katherine Tai, Home Builders chairman John Fowkes said his 140,000 member builders have seen lumber prices triple since April 2020. Fowkes noted he made a similar appeal to the Donald Trump administration and the lumber trade situation is more pressing today, as COVID-19-restricted homeowners have added their renovation projects to the demand. “The anti-dumping and countervailing duties currently in place on imported softwood lumber from Canada are aggravating already high lumber prices, and tariffs on other products are also contributing to... Continue reading
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Likely that US-China trade rivalry will continue under Biden
President Donald Trump spent much of his term setting up Beijing as Washington's greatest political and economic adversary. Do not expect drastic changes when Joe Biden takes the helm, even if he eschews the bluster and unpredictability of his predecessor. Economists and trade experts believe that the United States and China will move further apart on trade and technology as Washington continues to scrutinize virtually every aspect of its relationship with the world's secondlargest economy. Washington has become increasingly wary of Chinese made technology and whether it could be used to spy on Americans. That fear has caused lawmakers — Republican and Democrat — to view China as a major threat to U.S. national security. "Biden has been pretty clear about how he wants to proceed, and there has been bipartisan support for a tough line," said William Reinsch, a trade expert at... Continue reading
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May 6, 2021
US home builders push for new U.S.-Canada softwood lumber agreement
U.S. Lumber Coalition says duties a small part of record price With record North American lumber costs pushing home prices to new heights, the U.S. National Association of Home Builders has called on President Joe Biden’s administration to reach a long-term trade deal on Canadian softwood trade. In a letter to U.S. Trade Representative Katherine Tai, Home Builders chairman John Fowkes said his 140,000 member builders have seen lumber prices triple since April 2020. Fowkes noted he made a similar appeal to the Donald Trump administration and the lumber trade situation is more pressing today, as COVID-19-restricted homeowners have added their renovation projects to the demand. “The anti-dumping and countervailing duties currently in place on imported softwood lumber from Canada are aggravating already high lumber prices, and tariffs on other products are also contributing to... Continue reading