Trump Tweets:
Canada has made business for our dairy farmers in Wisconsin and other border states very difficult. We will not stand for this. Watch!
But it’s Trump’s solution that’s a problem. Instead of pressuring Canada to lower its tariffs on Wisconsin milk, Trump has decided to retaliate via tariffs of his own, with no sign that he’s using such tariffs as leverage to tamp down protectionism from the Trudeau administration. On Monday night, Trump announced to conservative allies that he would put a “countervailing duty” of somewhere between 3 and 24 percent on Canadian lumber. The United States buys nearly 80 percent of all Canadian softwood lumber exports. This means that builders will pay the price for Trump’s trade retaliation. As CATO Institute pointed out a decade and a half ago, “The resulting addition of $800 to $1,300 to the cost of a new home prices some 300,000 families out of the housing market…workers in the major lumber-using sectors outnumber logging and sawmill workers by better than 25 to 1.”
But this tariff does pay off domestic loggers, who are celebrating along with their Democratic representatives. Senator Ron Wyden (D-OR), a radical leftist, called the move a “message that help is on the way.”
Canada has made business for our dairy farmers in Wisconsin and other border states very difficult. We will not stand for this. Watch!
But it’s Trump’s solution that’s a problem. Instead of pressuring Canada to lower its tariffs on Wisconsin milk, Trump has decided to retaliate via tariffs of his own, with no sign that he’s using such tariffs as leverage to tamp down protectionism from the Trudeau administration. On Monday night, Trump announced to conservative allies that he would put a “countervailing duty” of somewhere between 3 and 24 percent on Canadian lumber. The United States buys nearly 80 percent of all Canadian softwood lumber exports. This means that builders will pay the price for Trump’s trade retaliation. As CATO Institute pointed out a decade and a half ago, “The resulting addition of $800 to $1,300 to the cost of a new home prices some 300,000 families out of the housing market…workers in the major lumber-using sectors outnumber logging and sawmill workers by better than 25 to 1.”
But this tariff does pay off domestic loggers, who are celebrating along with their Democratic representatives. Senator Ron Wyden (D-OR), a radical leftist, called the move a “message that help is on the way.”