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32%  
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  • WSJ: Trade War - U.S. tariffs on Canadian lumber hurt American home buyers.

    08/15/2005 5:49:58 AM PDT · by OESY · 26 replies · 1,047+ views
    Wall Street Journal ^ | August 15, 2005 | Editorial
    Homeowners and home buyers scored a rare... victory... when a three-person arbitration panel ruled unanimously that U.S. tariffs against imported Canadian softwood lumber violate the North American Free Trade Agreement (Nafta).... [R]escinding the tariffs will reduce the average construction cost of a new home by about $1,000 and make about 300,000 more moderate-income Americans eligible for mortgages. Instead of hailing the move as a welcome step toward more affordable housing, the Bush administration insists that it won't lift the tariffs, which can reach as high as 27%. It further plans to engage in more stalling tactics by appealing the decision...