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Canada has also been expanding rapidly into the Asian market, with China being the second-largest importer. The U.S. accounted for 69% of Canada's softwood lumber exports in 2015. This is an increased share of Canadian softwood lumber exports, which reached its lowest level in 2011, accounting for only 54%. China in that same year accounted for ...
Softwood Lumber Duties Interfor recorded $3.1 million of duties expense in the quarter. This represents the full amount of countervailing (“CV”) and anti-dumping (“AD”) duties incurred on shipments of softwood lumber from its Canadian operations to the U.S. at a combined rate of 14.40%, net of a $17.0 million foreign exchange gain from ...
Canada largely won a case before the World Trade Organization on Monday in a long-running dispute with the United States over U.S. duties imposed on Canadian softwood lumber exports. A three ...
Shortages of softwood lumber amid soaring U.S. housing demand and mill production curtailed by the COVID-19 pandemic have caused prices to triple in the past year, adding $36,000 to the average ...
Duties on lumber from Canada had already risen to 14.4% this summer after the expiration of a U.S.-Canada agreement on softwood lumber. And a review of anti-dumping could further double the duties ...
The dispute has had its biggest effect on British Columbia, the major Canadian exporter of softwood lumber to the United States. The heart of the dispute is the claim that the Canadian lumber industry is unfairly subsidized by the federal and provincial governments. Specifically, most timber in Canada is owned by provincial governments.
In the course of the softwood lumber dispute, the U.S. has placed tariffs on Canadian softwood lumber because of what it argues is an unfair Canadian government subsidy, a claim that Canada disputes. The dispute has cycled through several agreements and arbitration cases.
Gas prices could also rise 10-20 cents per gallon under a 10% tariff on Canadian crude, ... as over 70% of softwood lumber and gypsum imports come from Canada and Mexico, according to NPR. ...
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