trump10_0

Softwood lumber tariffs—another hostile trade salvo from Trump administration

The Trump administration this week announced that it will impose new tariffs on Canadian softwood lumber imports. Specifically, the U.S. Commerce Department will apply countervailing duties, ranging from 3 per cent to 24 per cent, against five major Canadian lumber exporters. For other Canadian lumber companies, it set a tariff of 20 per cent.The duties were imposed to counter what the U.S. government claims are illegal subsidies provided by provincial governments to Canadian lumber producers and that are prohibited under relevant trade treaties. Indeed, claims that the lumber-pricing policies of Canadian provincial governments subsidize Canadian lumber mills by charging so-called

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