Russia has emerged as one of the winners from the trade dispute between Canada and the U.S over lumber, the Globe and Mail reports.
U.S. government data shows that the nation is importing more softwood lumber from overseas since it imposed tariffs on Canadian suppliers, making them more expensive. Russian shipments are reported to be 42 per cent higher so far in 2017.
“It seems to be that there’s something illogical that we’re not buying the lumber from our neighbors to the north, that we’re buying it from the Russians,” Jerry Howard, chief executive officer of the National Association of Home Builders, said in a telephone interview from Washington. “That’s sort of the looking glass that we’ve gone through and that’s what the market is forcing us to do now.”
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