High Lumber Prices Add Urgency to a Decades-Old Trade Fight

By Thomas Kaplan
The New York Times
June 28, 2021
Category: Business & Politics
Region: Canada, United States

WASHINGTON — A trade dispute over Canadian lumber that began when Ronald Reagan was president has become a political problem for President Biden, with home builders and members of Congress urging the administration to try to strike a deal that could help bring down the cost of critical building materials. But unlike other commodities that have been in short supply, lumber is also the subject of a long-running trade dispute between the United States and Canada. …But signs of diplomatic progress have been scarce, and Canadian lumber producers may soon face higher duties. …Finding a resolution to the trade dispute is unlikely to be a simple undertaking for the Biden administration. “There’s really nothing that the administration can do quickly,” said Scott Lincicome, a senior fellow at the libertarian Cato Institute, who criticized the lumber duties and the system that allows domestic industries to seek them.

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