The retaliatory action by the administration of U.S. President Donald Trump in a trade dispute will tax lumber used to build single-family homes. The Canadian government is clearly pretty unhappy with the U.S. decision to slap a 20% tariff on softwood lumber imports from the country. We have prevailed in the past, and we will do it again," said Carr and Freeland, but added that they're committed to coming up with a "durable solution" with the U.S.Read: American home builders, buyers would feel pain of Canadian lumber tariff "In ruling after ruling since 1983, international tribunals have disputed the unfounded subsidy and injury allegations from the U.S. industry. Commerce Secretary Wilbur Ross said the tax will be applied retroactively, affecting Canadian exports to the U.S. of around $5 billion a year.
As it stated in
Ottawa will collaborate with seven provinces to fight U.S. lumber tariffs averaging 20 per cent against Canadian softwood exports. Other Canadian lumber producers will pay the weighted average of those five duty rates, which works out to 19.88 per cent. The U.S. Department of Commerce is imposing punitive duties ranging from 3.02 per cent to 24.12 per cent on five Canadian softwood exporters to the United States. Natural Resources Minister Jim Carr will meet this week with provincial officials to hone a joint strategy to combat the preliminary countervailing duties. Report Typo/Error
The Canadian PressVANCOUVER - British Columbia's lumber industry is likely to dominate the election campaign today, following an announcement by the Trump administration that it will impose a tariff of about 20 per cent on Canadian softwood imports. NDP Leader John Horgan also issued a statement on the U.S.-imposed duties, saying that Clark's government has put thousands of jobs at risk by failing to secure a new softwood lumber agreement. Lumber Trade Council says the industry is a major contributor to the provincial economy, with about 145,000 direct and indirect jobs tied to forestry. He said British Columbians deserve a premier who will fight the "unfair" tariffs with everything they've got. Liberal Leader Christy Clark issued a statement late Monday saying she will fight the softwood lumber duties and work to reach a fair deal with the U.S.Clark said she will meet with her team to determine what needs to be done in order to "stand up for B.C.
read more visit us Markets
collected by :Jack Luxor
As it stated in
Ottawa and provinces to fight 20% U.S. lumber tariffs
Ottawa will collaborate with seven provinces to fight U.S. lumber tariffs averaging 20 per cent against Canadian softwood exports. Other Canadian lumber producers will pay the weighted average of those five duty rates, which works out to 19.88 per cent. The U.S. Department of Commerce is imposing punitive duties ranging from 3.02 per cent to 24.12 per cent on five Canadian softwood exporters to the United States. Natural Resources Minister Jim Carr will meet this week with provincial officials to hone a joint strategy to combat the preliminary countervailing duties. Report Typo/Error
New U.S. duties on softwood lumber become focal point of B.C. election
The Canadian PressVANCOUVER - British Columbia's lumber industry is likely to dominate the election campaign today, following an announcement by the Trump administration that it will impose a tariff of about 20 per cent on Canadian softwood imports. NDP Leader John Horgan also issued a statement on the U.S.-imposed duties, saying that Clark's government has put thousands of jobs at risk by failing to secure a new softwood lumber agreement. Lumber Trade Council says the industry is a major contributor to the provincial economy, with about 145,000 direct and indirect jobs tied to forestry. He said British Columbians deserve a premier who will fight the "unfair" tariffs with everything they've got. Liberal Leader Christy Clark issued a statement late Monday saying she will fight the softwood lumber duties and work to reach a fair deal with the U.S.Clark said she will meet with her team to determine what needs to be done in order to "stand up for B.C.
read more visit us Markets
collected by :Jack Luxor
Comments
Post a Comment