Swordsmyth
12-07-2017, 11:37 PM
The U.S. International Trade Commission said on Thursday it made a final finding that exports of softwood lumber from Canada injure U.S. producers, virtually ensuring that hefty duties on imports of the building material will remain in place for five years.The decision will impose anti-dumping and anti-subsidy duties affecting about $5.66 billion worth of lumber and comes amid increasingly acrimonious talks on renegotiating NAFTA, the trilateral trade pact between the United States, Canada and Mexico.
The U.S. Lumber Coalition, an industry lobby group that petitioned the U.S. Commerce Department last year to open a dumping and subsidy investigation, lauded the decision.
"The massive subsidies that the Canadian government provides to its lumber industry and the dumping of lumber products into the U.S. market by Canadian companies cause real harm to U.S. producers and workers," Coalition Co-Chair Jason Brochu said in a statement.
Andrew Leslie, Canada's parliamentary secretary of foreign affairs, called the duties "unwarranted, unfair and deeply troubling". He told the House of Commons that "we will continue to fiercely defend our softwood lumber industry".
Ottawa last week formally opened a case against the United States at the World Trade Organization over the Commerce Department's decision to impose the duties.
That followed the launch by Ottawa last month of a NAFTA trade challenge over the move.
More at: https://www.yahoo.com/news/u-finds-canada-lumber-harms-u-producers-duties-204845364--finance.html
The U.S. Lumber Coalition, an industry lobby group that petitioned the U.S. Commerce Department last year to open a dumping and subsidy investigation, lauded the decision.
"The massive subsidies that the Canadian government provides to its lumber industry and the dumping of lumber products into the U.S. market by Canadian companies cause real harm to U.S. producers and workers," Coalition Co-Chair Jason Brochu said in a statement.
Andrew Leslie, Canada's parliamentary secretary of foreign affairs, called the duties "unwarranted, unfair and deeply troubling". He told the House of Commons that "we will continue to fiercely defend our softwood lumber industry".
Ottawa last week formally opened a case against the United States at the World Trade Organization over the Commerce Department's decision to impose the duties.
That followed the launch by Ottawa last month of a NAFTA trade challenge over the move.
More at: https://www.yahoo.com/news/u-finds-canada-lumber-harms-u-producers-duties-204845364--finance.html