According to the Canadian government, these new tariffs are in response to the tariffs on imports of certain steel and aluminum products from Canada imposed by the Trump Administration announced in early June.
“WDMA was critical of the imposition of U.S tariffs on steel and aluminum and this new action by Canada further escalates trade tensions between the two nations,” said WDMA CEO Michael O’Brien. “These actions will only lead to additional price increases in the residential and commercial building markets in both countries, hinder progress in the renegotiation of NAFTA and resolving the softwood lumber dispute.”
At this time, additional guidance is not available from the Canadian government regarding how this tariff will be imposed. WDMA has been working diligently to seek additional clarification from the Canadian Government and will provide additional guidance for WDMA members when it becomes available.