Wyden applauds new tariffs on subsidized Canadian lumber

US cuts some tariffs on Canadian lumber imports

Commerce Secretary Wilbur Ross said in a statement that the USA remains committed to "free, fair and reciprocal trade with Canada", and that the decision is based on "a full and unbiased review of the facts in an open and transparent process".

Commerce Secretary Wilbur Ross said the department determined Canada is providing unfair subsidies to its producers of softwood lumber at rates from 3.34 percent to 18.19 percent and has sold softwood lumber to the United States at 3.20 percent to 8.89 percent less than fair value. To counteract unfair subsidies, countries may also introduce countervailing duties.

"The massive subsidies the Canadian government provides to their lumber industries have caused real harm to USA producers and their workers".

"The Commerce Department determined that Canadian lumber producers benefited from selling into the United States below fair value and received unfair subsidies that hurt US producers".

Canadian producers will now pay 21.83%, down from 26.75%, for lumber shipments entering the United States.

"We've said all along our (lumber) sector is based on a market economy", McNeil said.

The U.S. International Trade Commission has 45 days to issue its final determination on whether the American lumber industry suffered harm. But its demands - which range from requiring that more auto production be made in the U.S.to having more government contracts in the NAFTA bloc go to US companies - will likely be unacceptable to the U.S.' two other NAFTA partners, Canada and Mexico.

The lumber duties are "unjust and punitive" and Canada will continue to push back against American industry, Prime Minister Justin Trudeau told reporters in Brampton, Ontario.

New Rams, Chargers stadium to host college football championship in 2023
Miami is a traditional college football postseason site from hosting the Orange Bowl and a vacation destination close to beaches. The playoff committee selected the stadium for the January 11, 2021 game, crowning the champion for the 2020 season.

"This decision is based on a full and unbiased review of the facts in an open and transparent process that defends American workers and businesses from unfair trade practices".

"Unfortunately, for both Canadian producers and American consumers, this ongoing trade action against our industry continues to be driven by a protectionist United States lumber industry whose sole goal is to constrain the imports of high quality Canadian lumber to drive up prices for their own benefit".

McNeil said the exclusion of Nova Scotia and the other two provinces from the duty will be finalized on December 20, and at that time the duty the US had been collecting on Nova Scotia lumber will be returned to the producers.

"We will forcefully defend Canada's softwood lumber industry, including through litigation, and we expect to prevail as we have in the past", Freeland and Carr said. "It is nothing more than a thinly-disguised tax on American home buyers, home builders and consumers".

The final countervailing duty rate is 14.25%, decreased from the preliminary rate 19.88%, and the final anti-dumping duty rate is 6.58%, a decreased form the preliminary rate 6.78%.

Freeland and Carr said that the Canadian Government is reviewing its options, including the possibility of legal action through NAFTA and the WTO. Canadian unions and lumber companies fear the issue will eventually cause layoffs once prices and demand fall.

The United States imported $5.7 billion worth of Canadian softwood lumber in 2016, according to the department, up from $4.5 billion in 2015.

Related News:

  • Josh Gordon Reinstated To NFL On Conditional Basis

    Josh Gordon Reinstated To NFL On Conditional Basis

    The Browns are allowed to keep him on the Commissioner's Exempt list until December 4, at which point he must be activated. McCarron trade, and should do something to breathe life into the fanbase after the 0-8 start.
    Full The Lion King Live-Action Cast Announced

    Full The Lion King Live-Action Cast Announced

    And after previous reports , Disney has confirmed Billy Eichner will voice Timon and Seth Rogen will take on the role of Pumba . Since the post , Queen Bey fans have been stanning out via Twitter and are eagerly awaiting the film's release in 2019.
    Second Man Claims Alleged Extended Relationship with Kevin Spacey at Age 14

    Second Man Claims Alleged Extended Relationship with Kevin Spacey at Age 14

    The accuser said he met with Spacey three or four more times, during which there were "proclamations that we loved each other". After Spacey's insensitive apology , Montana , Cavazos, 35, and others came forward to accuse the star of sexual misconduct .
  • This guy who is named George Papadopoulos is having a hectic day

    One suspects, from his delivery, that if Jason Voorhees had been listed, Trump would have read his name and said: "Hockey player". Papadopoulos, of Novi, has the misfortune of a distinctive name that's shared with a former adviser of President Donald Trump .
    Nurse Who Was Forcibly Arrested For Protecting Patient Gets $500K Settlement

    Nurse Who Was Forcibly Arrested For Protecting Patient Gets $500K Settlement

    The unconscious patient, who was badly hurt in a crash with a vehicle driven by someone fleeing police, has since died. The nurse said she will donate some proceeds to a fund dedicated to helping people obtain body camera footage.
    Tesla's (TSLA)

    Tesla's (TSLA) "Hold" Rating Reaffirmed at Citigroup Inc

    And its guidance suggested it could burn through another $1 billion in the current quarter as it tries to fix its production woes. Citigroup Inc. initiated coverage on shares of Tesla in a research note on Thursday, July 20th.
  • Federal Bureau of Investigation  no longer seeking 2nd man in connection with truck attack

    Federal Bureau of Investigation no longer seeking 2nd man in connection with truck attack

    The Associated Press adds an observation from a law enforcement official that Saipov "didn't have many friends". The accused has been identified by a source close to the investigation as Sayfullo Saipov (29).
    Whole Foods Market to add 6000 workers during hiring event

    Whole Foods Market to add 6000 workers during hiring event

    Full, part-time, seasonal and permanent positions are being offered to interested applicants at all of their US locations. People interested in applying do not need to bring resumes or apply online beforehand, but they are encouraged to do so.
    Conor McGregor Vs Tony Ferguson | Strengths & Weaknesses

    Conor McGregor Vs Tony Ferguson | Strengths & Weaknesses

    McGregor and Duffy went on with their careers with McGregor shooting to superstardom and Duffy also making his way to the UFC . But, for now, it appears that McGregor has his sights set on Ferguson.
  • Hasten MP, MLAs' criminal trials, says Supreme Court

    Hasten MP, MLAs' criminal trials, says Supreme Court

    SC wants to ensure that the corrupt politicians should not succeed in prolonging the trial by using their offices. A life ban on convicted MPs and MLAs was sought by the Election Commission of India, from contesting elections.
    Term becomes word of year

    Term becomes word of year

    As defined by Collins, "fake news" means " false, often sensational, information disseminated under the guise of news reporting ". The ultimate "Word of the Year", according to Collins, is "fake news", a phrase regularly deployed by Donald Trump .
    New Zealand ranks among top ten nations on gender equality

    New Zealand ranks among top ten nations on gender equality

    The U.S. saw its ranking drop from 45th last year to 49th this year, mostly due to a lack of women in U.S. politics. According to the report, no country has achieved gender parity when it comes to economic opportunities and work.


Most liked

Kushner hands over key documents to Mueller in Russian Federation probe
Jared Kushner , Mike Flynn , Jeff Sessions, Carter Paige, Paul Manafort , Rick Gates, and George Papadopoulos. They appeared in federal court in Washington on Thursday.

Hiring Rebounded in October, Unemployment Rate Fell to 4.1%
The U.S. unemployment rate , calculated by a survey of households, fell to 4.1%, its lowest level since December 2000. The unemployment rate increased to 6.3 per cent, up from 6.2 per cent in September.

Two dead in shooting at Colorado Walmart store
He recounted that "the employees started screaming and the customers started screaming" as people began to flee the store. Two men died inside the Walmart, which is about 10 miles (16 kilometers) north of Denver in a busy shopping center.

Obamacare 2018 enrollment opens Wednesday
Many "navigators"-individuals and organizations that help consumers enroll in marketplace plans-are facing sharp budget cuts". There's also the deductible and co-insurance, which is the percentage of the bill a patient pays after the deductible is met.

New great ape species found in Indonesia
Nowak, a preservation scholar with the Sumatran Orangutan Conservation Program, an association engaged with the examination. It combined new genome sequencing of 37 orangutans with previous study results that also showed three lineages.

Red Devils Unite: Manchester United may progress in Champions League
They displayed a better game this time around, even forcing United goalkeeper, David de Gea to make two saves in each half. Wolverhampton Wanderers were reportedly in talks with Manchester United youngster Scott McTominay in the summer.

Thornton Police have Walmart shooting suspect in custody
The man who Thornton police say allegedly opened fire on a group of people at a busy Walmart Wednesday evening is now in custody. Forty-eight witnesses were taken from the Walmart to a nearby police building where they were questioned and released.

Investigators probe NY suspect's communications as Trump weighs in
Trump pointed to Saipov's apparent glibness from his hospital bed and his request to hang the ISIS flag in his hospital room . President Trump tweeted late Wednesday that New York City terror attack suspect Sayfullo Saipov "SHOULD GET DEATH PENALTY ".

Southgate names uncapped trio in England squad
England host world champions Germany on Friday 10 November and Brazil four days later in their final internationals of the year. The Liverpool duo of Sturridge and Oxlade-Chamberlain have been left out, as has Manchester United centre-back Smalling.

Justice Department Finds Evidence to Charge Russians With DNC Hack
The Justice Department and Federal Bureau of Investigation have been investigating the DNC hack since past year . Trump has called the claims of Russian DNC hacking "a big Dem scam and excuse for losing the election".

Low supplies, refinery work bumping up local gas prices
GasBuddy estimates prices could soon rise to $2.99/gallon in MI , $2.95/gallon in IN, and $2.89/gallon in OH and Kentucky. GasBuddy estimates gas prices could soon rise to $2.99 in MI , $2.95 in IN and $2.89 in OH and Kentucky.

Carragher: Dyche can not turn down Everton
It has also been claimed that the latest talk of Everton making an imminent move for Dyche has not emanated from Merseyside. Realistically, Dyche is not going to be handed a top-six job so the opportunity to manage Everton can not be turned down.

Oppo F5 With 16 Megapixel Front Camera Launched In India At ₹19990
The smartphone is priced at ₹19,990 for the 4GB RAM and 32GB of internal storage.While the 6GB RAM variant is priced at 24,990. The low-end version will be available starting November 9 and high-end variant will be available starting from December 2nd.

Southgate selects "very good" Joe Gomez in England squad
Danny Rose rejoins the England squad for the first time after recovering from a long-term knee injury, while young midfielder Harry Winks gets his second call-up.

Champions League Team of the Week: Game Week 4
Liverpool go into Gameweek Five knowing that a win against second place Sevilla will see them into the last 16. Besiktas are arguably this season's surprise outfit, sitting pretty on top of Group G.