U.S.: The spat with Canada may not seem to be getting anywhere fast, but Germany has already profited

According to Medicine Hat News, United States (U.S.) imports of softwood lumber have not only risen from Russia, but Germany as well. Over the first half of 2017, after the U.S. slapped grueling taxes on Canadian softwood lumber, imports of the material from Germany have risen nearly ten times, with imports from the country rising a whopping 916 per cent as compared to the same time in 2016.

CEO of the National Home Builders Association in the U.S., Jerry Howard, said that the impact the tariffs have had on the prices of Canadian wood products has in turn, made the European wood products far more competitive, with Germany filling in the void. According to Howard, the U.S. is still unable to produce enough wood to meet the demand.

In other parts of Europe, imports from Austria increased by 178 per cent, 141 per cent for Romania, 42 per cent for Russia, and Sweden experiencing a 41 per cent upward tick.

 

Source: Medicine Hat News