Doman Building Materials Group Ltd. Announces Response to the Recently Proposed U.S. Tariffs

By Doman Building Materials Group Ltd.
Globe Newswire
November 27, 2024
Category: Business & Politics
Region: Canada, Canada West

VANCOUVER, British Columbia – Doman Building Materials Group Ltd. announced its response to President elect Trump’s proposed 25% tariffs on goods entering the United States from Canada. Although no material details were announced in respect of the Proposed US Tariffs, the Company’s businesses in each country generally operate independently. Accordingly, other than any business already subject to Softwood Lumber duties, the Company does not currently expect to be impacted materially by the Proposed US Tariffs on goods imported to the United States from Canada. “Given the magnitude of President elect Trump’s proposed tariffs and given our growing presence in Canada and even more so in the US, we want to ensure that all of our stakeholders are well informed that based on expectations today, our business would not be impacted in a material way,” commented Amar S. Doman, Chairman and CEO. 

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