Sentences with phrase «canadian lumber exports»
Canadian lumber exports have become an increasing source of tension between the United States and Canada.
https://www.nytimes.com/ Not exact matches
It wasn't Trump's first move to retaliate against a country's perceived unfair trade practices: The U.S. has moved forward with tariffs against Canadian softwood lumber exports, initially proposed in April 2017, for instance.
It raised the penalty for exporting lumber to the U.S. from a combined rate of 10.8 per cent to 15 per cent; it also hit Canada with the so - called «surge mechanism,» designed to discourage investment in Canadian sawmills.
Despite the U.S. Department of Commerce's decision to hit all other Canadian producers with countervailing duties of 19.88 per cent starting this year, many industry insiders and political leaders are hopeful Atlantic Canadian companies can be exempted from tariffs on softwood lumber exports to the United States.
A key element in this shift is China; the value of Chinese exports to Canada tripled over this period and Canadian exports to China, while still small relative to exports to the US, have grown steadily in value driven by commodity exports which have been buoyed by high prices and huge demand in China for key Canadian exports such as minerals (nickel, coking coal, potash, copper and iron ore), pulp and lumber.
Eighty per cent of Canadian exports to these countries are raw or semi-processed goods (e.g. beef, coal, lumber) while 80 % of imports are high value - added goods (e.g. autos, machinery, computer and electrical components).
Mr. Trump apparently wants to target Canadian lumber and livestock exports.
Given that the revenues from non-oil Canadian exports are dropping too (lumber, drugs etc.), it seems unfair to blame the nation's misfortunes on its one most notable industry, or even to categorize 2015's minor ebbs as true «misfortunes.»
Many Canadians feel NAFTA has failed their national interests, especially when it comes to softwood lumber, one of our largest exports at $ 10.5 - billion per annum.