Trump’s Lumber Tariffs Hurt Hurricane Recovery

[ABX]

....Early estimates of the damage suggest they have their work cut out for them. The Texas Division of Emergency Management reports that the storm destroyed 9,407 single family homes. Another 44,013 experienced major damage. Moody’s Analytics estimates that the cost of the hurricane will be in the $51–$75 billion range.....

....In April, the Trump administration imposed countervailing trade duties averaging 20 percent on imported softwood Canadian lumber, a common material in home construction. In June, he hit them again with anti-dumping duties of 6 percent.....

http://feeltheliberty.com/trumps-lumber-tariffs-hurt-hurricane-recovery/

[Oceander]

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