The Commerce Department has threatened to impose a 20 percent tariff on
Canadian lumber imports.
The U.S. housing sector, which relies on
Canadian lumber imports, makes up about 15 to 18 per cent of U.S. GDP.
He'd promised to bring back jobs for the middle class; the U.S. National Association of Home Builders (NAHB), meanwhile, warned a 25 per cent duty on
Canadian lumber imports would result in about 8,000 job losses in the U.S.
The deal comes at a time when Canada is resisting a move by the United States to impose tariffs on
Canadian lumber imports.
Not exact matches
The Trump administration in recent weeks applied tariffs to
imports of
Canadian lumber, agreed to investigate charges that Bombardier is using government subsidies to sell its new plane at unfair prices, and triggered the legislative process that will lead to a renegotiation of the North American Free Trade Agreement.
Commerce Secretary Wilbur Ross called
Canadian suggestions of retaliation, «inappropriate,» and said Clark's and Trudeau's posturing would do nothing to deter the U.S. from targeting
lumber imports that it thinks are unfairly subsidized.
For example, at the start of his term, President Trump enacted a new 20 percent tariff on
lumber imports that specifically targets
Canadian exporters to the United States.
Here's why: Chapter 19 allows Canada to bypass the U.S. judicial review process when the U.S. government imposes antidumping and / or countervailing duties on
Canadian products
imported into the United States, as has been the case repeatedly with softwood
lumber, for example.
For example, at the start of his term, President Trump enacted a new 20 % tariff on
lumber imports that specifically targets
Canadian exporters to the United States.
Canada currently supplies over 1/3 of U.S.
lumber consumption and if the current rate of growth in housing starts continues, the U.S. will need to increasingly rely on higher - priced
imported lumber from outside of North America to fulfill their needs if they impose a quota restriction on
Canadian lumber.
J.D. Irving's
lumber operations in New Brunswick — and its one mill in Truro — gained a competitive advantage over other
Canadian forestry companies Tuesday as the United States imposed harsh countervailing duties on softwood
lumber imports.
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).