Research

US Commerce Department announces anti-dumping tariffs on softwood exports

US Commerce Department announces anti-dumping tariffs on softwood exports”

The U.S. will impose further punitive tariffs on imports of softwood lumber from Canada, escalating a longstanding trade dispute that's already led to higher timber prices.

USA producers asked the Commerce Department to investigate subsidies to Canadian competitors soon after President Donald Trump's election last November, alleging a dumping margin of 20.12% to 53.08%.

NDP MP Nathan Cullen says eliminating as many Canadian companies as possible is the main goal of the US action, and says there are already mills in his northern B.C. riding that can't afford the duty bills handed them by the U.S.

The U.S., Mexico and Canada are expected to start NAFTA discussions on August 16 with the aim to complete a new, modernized deal by early next year.

Both sets of duties are preliminary, and a final decision is expected later this summer. "We encourage the Department to continue strongly enforcing USA trade laws to respond to these unfair practices that have harmed USA companies and their workers".

Its preliminary duties were 7.72 percent for Canfor Corp and related firms, 4.59 percent for Resolute FP Canada, 7.53 percent for Tolko Industries, 6.76 percent for West Fraser Mills and 6.87 percent for all others.

Canada reiterated it will "vigorously defend" its softwood lumber industry against "unwarranted" trade action, according to a joint statement from Foreign Affairs Minister Chrystia Freeland and Natural Resources Minister Jim Carr.

Читайте также: George informs Pacers he will leave in 2018

Susan Yurkovich, who chairs the British Columbia Lumber Trade Council, denounced the tariffs as "without merit", saying they would also hurt United States consumers looking to build or reconstruct.

Until the decision is confirmed, U.S. Commerce Secretary Wilbur Ross said the duties would still be collected on lumber from the three provinces.

"Despite the latest duties announcement from the Department of Commerce, NLBMDA continues to call for a new long-term softwood lumber agreement", said Jonathan Paine, president and CEO of the National Lumber and Building Material Dealers Association (NLBMDA).

"The duties are a direct result of the actions taken by the protectionist USA lumber lobby whose sole goal is to create artificial constraints on Canadian lumber to drive up prices for their benefit at the expense of American consumers", Susan Yurkovich told Canadian media during a teleconference call.

The U.S. represented one-third of global lumber imports, with China accounting for 17 per cent. Since then, trade between the two countries has become an increasingly fraught issue, with President Donald Trump seeking to renegotiate the North American Free Trade Agreement. During that time, the US and Canadian governments, along with producers in both countries, meant to come up with a new deal.

Would you like to support a project based right here in Quebec?

При любом использовании материалов сайта и дочерних проектов, гиперссылка на обязательна.
«» 2007 - 2017 Copyright.
Автоматизированное извлечение информации сайта запрещено.

Код для вставки в блог



Like this

Latest


28 Июня 2017
Iran Calls for Europe's Intervention to Resolve Qatar Crisis
Fawzi, an Egyptian citizen, was released after a few days in prison and fled the country for Qatar before coming to the U.S. The decision will not affect a $500m weapons sale to the country that Congress failed to block earlier this month.

27 Июня 2017
Kellyanne Conway Lies About Medicaid, Says 'Able-Bodied' Can Find Work
Medicaid, over time, would be unsustainable and unaffordable because Obamacare failed to bring the costs down for health care. She argued that for Medicaid to say sustainable in the long term, 'This has to happen'.

26 Июня 2017
Australian Ashleigh Barty faces two-time Wimbledon champion Petra Kvitova in Birmingham final
This time, she put herself out of trouble with an ace and a good first serve and gained a chance to hold with a backhand victor . She underwent almost four hours of surgery on her left hand and forearm, and her left hand is still not fully recovered.

25 Июня 2017
Authorities: Texas mom left 2 kids in hot vehicle as punishment
Randolph said she went back into the house, smoked marijuana and took a nap for two or three hours, the complaint states. She then told officers that she had to break a window and rescue the children, then called 911, authorities said.

24 Июня 2017
Backed Syrian forces close in on Raqqa from south
Earlier, Syrian forces attacked coalition fighters in Ja'Din, wounding a number of fighters and driving them from the town. Reacting to Russia's warning, the Royal Australian Air Force (RAAF) has suspended flights over Syria .

24 Июня 2017
Victorian Speed Cameras corrupted by WannaCry virus
WannaCry ransomware continues its trail of chaos generation after it infects traffic cameras in Victorian, Australia. It said the incident had no impact on the accuracy of the cameras and infringements recorded over the past week.

23 Июня 2017
Lakers Draft Lonzo Ball With No. 2 Pick
In 36 games, he shot 55.1 percent overall and 41.2 percent on three-point attempts. What helps him stands apart are the more intangible factors.

21 Июня 2017
Trump welcomes president of Panama to White House
President Trump also took to Twitter to express his happiness after meeting with the Panama President and his wife. Varela wore a green dress of similar length for the occasion.

20 Июня 2017
Putin warns new sanctions will 'complicate' ties between Russian Federation and US
The bill provides for the consolidation on the legislative level of the sanctions imposed by Executive orders of Barack Obama.

20 Июня 2017
Cuban foreign minister slams Trump for rolling back Obama detente
This is likely to affect pending hotel projects with Cuban companies that have ties to the military. Trump based his partial reversal of Obama's Cuba measures largely on human rights grounds.



Recommended