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:: Sunday, August 31, 2003 ::
Arkansas Democrat-Gazette: U.S. told to reassess its tariff on lumber BY MARK DRAJEM
More than 47,000 people work in the wood-products business in Arkansas, according to the Arkansas Forestry Association. They and other American loggers and sawmill workers initially cheered the tariffs, hoping they would help relieve a glut of lumber that has kept prices low for several years.
Instead, lumber profits in both the United States and Canada plummeted after the tariffs took effect. Canadian production increased to try to make up for the tariffs’ costs through greater volume, and companies from Russia, Germany and Estonia increased exports to try to snare part of what had been Canada’s 30 percent share of the $36 billion U.S. lumber market.------------------------------------------- posted 7:53 AM :: reference link ::
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