Unnecessary costs like this add up quickly:
The Outer Banks Homebuilders Association is urging its members to contact members of Congress to urge repeal of the Trump Administration’s tariffs on Canadian soft lumber imports. Rising lumber prices have already increased the average price of a single-family home by $6,388 since January of last year, according to the OBHBA and the National Association of Homebuilders. Some of the increases are due to tariffs of more than 20 percent on Canadian softwood lumber shipments into the U.S.
The NAHB points out that U.S. domestic production of softwood lumber is insufficient to meet the demand for construction of houses. According to the NAHB, in 2016, the U.S. consumed 47.1 billion board feet of softwood lumber but domestic producers were only able to supply 32.8 billion, creating a shortfall of over 14 billion.
As with many (even moderately) complex issues, Trump is simply not intelligent enough to grasp the ramifications of his actions. If these tariffs are not removed, there will be a push, probably successfully, to relax U.S. regulations on domestic timber culling. Here in the Southeast, we're already seeing the scourge of the wood pellet industry. Is Europe placing tariffs on that? Oh no, they want us to clear-cut our forests so they won't have to touch theirs. Slapping a tariff on Canadian lumber makes absolutely no sense, no matter which way you look at it.