Donald Trump has announced that he will impose a 20 percent tariff on all softwood lumber imports from Canada.
The president claimed that, “Canada has treated us very unfairly,” adding that he wants to boost the domestic lumber industry rather than importing.
“We love Canada, but they have been very good at taking advantage of the United States through NAFTA,” Trump said. “We are putting a 20 percent tax on lumber coming into the United States from Canada.”
The Daily Caller reports:
A senior administration noted that the tariff will be applied retroactively. When asked what that tax will mean for lumber production, Trump said, “It means we’re going to start doing lumber in our country.”
“We’re going to actually do our own lumber,” he said. “We will have access to great amounts of lumber.”
While it may surprise some onlookers that Trump would place a tariff on imports from America’s allies, the move fits with his campaign promises to put “America first” and act against NAFTA.