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[ Wed, Nov 27th 2024 ]: Thomas Matters

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Doman Building Materials Group Ltd. Announces Response to the Recently Proposed U.S. Tariffs

Detailed price information for Doman Building Materials Group Ltd. (DBM-T) from The Globe and Mail including charting and trades.
Doman Building Materials Group Ltd. announced its response to the recently proposed U.S. tariffs on Canadian softwood lumber, which were set at 7.99% for most Canadian producers. The company expressed disappointment over the decision, highlighting that it would negatively impact both Canadian and U.S. stakeholders, including builders, homeowners, and the housing market. Doman emphasized that these tariffs could lead to higher lumber prices, potentially slowing down construction and increasing costs for consumers. The company also noted that it has been actively engaging with both Canadian and U.S. governments to seek a resolution that would avoid such trade disputes, advocating for a return to a system of managed trade that would ensure stability and fairness in the lumber market. They remain committed to working towards a negotiated agreement to mitigate the adverse effects of these tariffs.

Read the Full The Globe and Mail Article at [ https://www.theglobeandmail.com/investing/markets/stocks/DBM-T/pressreleases/29791356/doman-building-materials-group-ltd-announces-response-to-the-recently-proposed-us-tariffs/ ]