USA plan on Canada Madira is more than double tax
There has been decades of controversy over soft timber between the United States and Canada before the planned tariffs come into force.
US plan more than double rights Antimating And compensation on complex construction materials.
As part of the US Commerce Department, as part of the annual review process, the Federal Register, which is not published in the US official Gazette, plans to increase rates from 14.4% to 34.45%.
Taxes separated from the rates proposed for soft wood arise from the decades of conflict between the US neighbors. Simply put, the US says the Canadian logging industry is subsidizing the government.
In a statement released by British Columbia Prime Minister David AB on Saturday (5), the fees were “not justified” and the fee would eventually increase the cost of housing for Americans who voted for the president who promised to reduce costs.
What does it mean
30% of the soft wood consumed in the US is imported, and Canada is over 80% of these imports.
According to the National Association of Home Builders/Wells Fargo Real Estate Market Index, builders estimate that the average cost of home tariffs and other necessary homes can be increased by 200 9,200.
However, members of the US logging industry said high taxes, as well as new rates, would help to level the game.
They said that there is a significant amount of capacity in the current US industry, which is not currently used.
“These unfair business practices have been designed by Canada to manage the artificially grown US market share for Canadian products and to reduce the production of US companies, so that the US Lumber Coalition president Andrew Miller said in a statement.
