22:46 GMT +316 November 2018
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    Piles of softwood lumber destined for export, are stacked at a Richmond, B.C., Canada lumberyard (File)

    US May See Softwood Lumber Price Increase as Trump Imposes New Canada Tariffs

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    US Secretary of Commerce Wilbur Ross said Tuesday Americans may face a price increase on softwood lumber, as the Trump administration imposed new tariffs for the product's import from Canada.

    WASHINGTON (Sputnik) — The decision to impose new tariffs on Canadian softwood lumber could cause a slight price increase on the product in the United States, Ross said in a press briefing on Tuesday.

    "We do not think that the price of lumber will go up by anything like the 20 percent, but there may be some small increase in the price of lumber for the house," Ross stated.

    Ross noted the Trump administration had put Canadians on notice three months ago about their inappropriate lumber trade practices.

    The commerce secretary underscored that Canada has generally been a "good neighbor."

    However, the long-time US-Canada partnership does not mean that Ottawa can avoid complying with trade rules, Ross added.

    Related:

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    tariffs, lumber, Donald Trump, Canada, United States
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