By Marisa Mendez
Copyright © 2016 Hanley Wood Media, Inc. All rights reserved.
American consumers paid $5.92 billion more than necessary for softwood lumber, according to a Viewpoint published today by the Montreal Economic Institute (MEI).
In a press release announcing the Viewpoint, MEI says that because of the softwood lumber agreement of 2006 “tariffs at the border have reduced Canadian exports and [allowed] American producers to increase their market shares. The latter thus registered additional net earnings of (US)$4.31 billion between 2006 and 2015.”
The Viewpoint’s author, Alexandre Moreau, says in the press release that American consumers overpaid for lumber because of the U.S.’ “protectionist measures,” and that consumers would not have paid the additional... Read the article at Pro Sales Magazine.