In New Trade Front, Trump Slaps Tariff on Canadian Lumber
Source: New York Times
WASHINGTON The Trump administration announced on Monday that it would impose new tariffs on Canadian softwood lumber imports, escalating a longstanding conflict with Americas second-largest trading partner.
The Commerce Department determined that Canada had been improperly subsidizing the sale of softwood lumber products to the United States, and after failed negotiations, Washington decided to retaliate with tariffs of 3 percent to 24 percent. The penalties will be collected retroactively on imports dating back 90 days.
The decision came days after President Trump complained bitterly about Canadas dairy trade practices, and the tariffs signaled a harsher turn in his relationship with Canada, even as he seeks to renegotiate the North American Free Trade Agreement. While he has often assailed China, Mexico and others for their trade practices, he seemed to have forged a strong relationship with Canadas prime minister, Justin Trudeau.
The United States and Canada have been at odds over softwood lumber in one form or another since the 19th century, with the current dispute tracing back to 1982. The United States imported $5.7 billion in softwood lumber last year alone, mainly for residential home building.
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Read more: https://www.nytimes.com/2017/04/24/us/politics/lumber-tariff-canada-trump.html
nikibatts
(2,198 posts)sinkingfeeling
(51,444 posts)Cryptoad
(8,254 posts)of the construction workers,,,,,, just as well
mpcamb
(2,870 posts)ready for clearcutting.
safeinOhio
(32,669 posts)War with Canada.
rpannier
(24,329 posts)about a fake war with Canada started to help a struggling president win the support of the American public -- Canadian Bacon
mac56
(17,566 posts)Maeve
(42,279 posts)paleotn
(17,911 posts)That will do wonders for the economy. Thanks 45, you f'ing moron.
Vinca
(50,260 posts)I live in a state that abuts the Canadian border and log trucks heading north on the Interstate are a common site. Maybe American lumber companies should pay whatever Canada is paying for logs.
knightmaar
(748 posts)I mean, wood from Quebec might be Canadian, but it's not much help if you're in Manitoba somewhere near the North Dakota border.
BumRushDaShow
(128,806 posts)is chompin' at the bits to get started while Drumpf the card shark does his 3-card monte game.
http://www.salemnews.com/opinion/columns/column-the-keystone-pipeline-s-undercovered-truth/article_bc74d281-897d-5cd0-8958-0a83b1167f59.html
NewRedDawn
(790 posts)his "wife" Ivanka.
OnlinePoker
(5,719 posts)Ever since NAFTA was signed, lumber mills here have been closing left, right, and center. It's amazing how a subsidized industry has been forced to downsize so much. On top of it, we then have to sell unprocessed raw logs overseas to at least keep the loggers employed.
Cryptoad
(8,254 posts)the only lumber mills closing are the Paper mills... all the others are growing by "leaps and bounds"
lark
(23,091 posts)by destroying relationships with all our important and closest strategic allies so we are no longer #1 and Russia can rush in to fill the void.
randr
(12,409 posts)In particular, construction in Aspen is dependent on Canadian wood products. Maybe his billionaire club won't worry too much is the already over the top costs of their play mansions cost a little more. In my experience they whine about the costs of ink to write checks to their contractors.