Canadian PM responds to lumber tariffs imposed by the US

Canadian PM responds to lumber tariffs imposed by the US

Trump has said he believes too many USA industrial jobs have gone overseas, especially to Mexico, and that the United States is the victim of unfair trade practices by both of its NAFTA neighbors.

That's not a typo.

Trump spent his 2016 campaign lambasting China and Mexico for cheating on trade.

The Trump administration announced it will impose a 20 percent tariff on imported softwood lumber from Canada.

"What we are doing is dealing with another bad act on the part of the Canadians", Ross said. "This is quite punishing to Canadian producers". Given the huge amount of trade we have with Canada, let's hope that's the case here.

"What this says to Canadians is 'it's going to be more than a tweak, '" Hufbauer adds.

Around the same time, Mr Trump began calling Canadian tariffs "unfair" and vowing to "stand up for our dairy farmers". Those tariffs are high - 299% on butter, 245% on cheeses such as parmesan, 216% on powdered buttermilk and 295% on cream.

And, because about a third of the lumber used for building homes in the US comes from Canada, those price increases will be passed along to customers. In the long term, she said the province will be initiating new trade missions to India, China and Japan to reduce its reliance on USA softwood markets.

What's different now, is the timing.

The move to levy tariffs was expected as the decades-long dispute has resulted in a major clash every 10 years, with tariffs issued, legal battles, including under the North American Free Trade Agreement, and eventually negotiated settlements.

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"If NAFTA were functioning properly, you wouldn't be having these kinds of very prickly and unfortunate events back to back", Ross said. President Trump was accompanied by Secretary of Commerce Wilbur Ross.

However, Davies and council president Susan Yurkovich cautioned any pain to the industry depends on the length of the dispute and what happens to prices in the longer term.

The biggest retaliation came from Canada. While Unifor is confident that the new US duties are illegal, it can take years for appeals to be resolved.

Clark said she is meeting with cabinet members, an envoy to Washington, D.C. and Prime Minister Justin Trudeau to discuss the developments and determine further actions to reach a fair deal with the U.S.

News of the tariffs sent the USA dollar surging Tuesday to its highest level against its Canadian counterpart in more than a year, according to the Reuters news agency.

It argues that Canadian lumber enjoys government subsidies which gives it a distinct advantage over American competitors.

As trade tensions escalated with Canada, he made that case from the White House press room podium.

In 2006, Canada and the USA signed a Softwood Lumber Agreement.

The old U.S. -Canadian softwood lumber agreement worked well until it expired in 2015, resulting in no limits on the amount of lumber that could be imported from Canada, said Wayne Brandt, executive director of the Duluth-based Minnesota Timber Producers Association. Until then, forestry companies in Canada will have to start paying the duties.