U.S. Nearly Doubles Canadian Lumber Tariffs
The U.S. Department of Commerce today raised tariffs on imports of Canadian softwood lumber products from the rate of 8.05% to 14.54% following its annual review of existing tariffs.
Although NAHB is disappointed by this action, this decision is part of the regularly scheduled review process the United States employs to ensure adequate relief to American companies and industries impacted by unfair trade practices.
The Department of Commerce initiated its fifth administrative reviews of its softwood lumber anti-dumping and countervailing duty orders in March 2023 and announced its preliminary findings of these reviews at the beginning February 2024. On Aug. 19, the agency issued its final results on antidumping and countervailing duties averaging a combined total of 14.54%, and these higher duties are now in effect.
For years, NAHB has been leading the fight against lumber tariffs because of their detrimental effect on housing affordability. In effect, the lumber tariffs act as a tax on American builders, home buyers and consumers.
With housing affordability already near a historic low, NAHB continues to call on the Biden administration to suspend tariffs on Canadian lumber imports into the United States and to move immediately to enter into negotiations with Canada on a new softwood lumber agreement that will eliminate tariffs altogether. And we continue to work with our allies in Congress to put pressure on the administration to take action.
Latest from NAHBNow
Jun 27, 2025
Supreme Court Limits Nationwide InjunctionsIn a case that could have far-reaching consequences for NAHB members, the Supreme Court today issued a 6-3 ruling that would limit the use of nationwide universal injunctions. A universal injunction stops the defendant from taking an action against anyone, anywhere.
Jun 27, 2025
National Housing Center Awards Recognize Outstanding Industry LegendsSeveral industry leaders were recently honored for their contributions to the housing industry during the National Housing Center Awards Ceremony on June 10 in Washington, D.C. Learn more about the recipients and how to nominate individuals for the awards.
Latest Economic News
Jun 27, 2025
State and Local Property Tax Revenue Grows in the First QuarterIn the first quarter of 2025, state and local governments experienced an increase in property tax revenue growth. On a seasonally adjusted basis, state and local government property tax revenue grew 1.1% over the quarter, according to the Census Bureau’s quarterly summary of state and local tax revenue.
Jun 26, 2025
Mortgage Rates Hold Steady Despite Modest Uptick in Treasury YieldAverage mortgage rates were flat in June, according to Freddie Mac. The average 30-year fixed-rate mortgage held at 6.82%, while the 15-year stayed at 5.95%. Compared to a year ago, the 30-year rate is down 10 basis points (bps), and the 15-year rate is 24 bps lower.
Jun 26, 2025
State-Level Employment Situation: May 2025Nonfarm payroll employment increased in 37 states in May compared to the previous month, while it decreased in 10 states and the District of Columbia. The three remaining states, Alaska, Delaware, and New Jersey reported no change. According to the Bureau of Labor Statistics, nationwide total nonfarm payroll employment increased by 139,000 in May following a gain of 147,000 jobs in April.