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In 1996, the United States and Canada reached a five-year trade agreement, The Softwood Lumber Agreement, officially ending Lumber III. Under its terms, Canadian lumber exports to the United States were limited to 14.7 billion board feet (34.7 million cubic meters) per year. However, when the agreement expired on April 2, 2001, the two ...
Republican lawmakers have taken up the builders' cause, asking Tai during hearings in Congress last week to eliminate the 9% tariff on Canadian softwood lumber imports. U.S. trade chief pressured ...
The order called for 25 percent tariffs on all exports from Mexico and all Canadian exports except for oil and energy, which would be taxed at 10 percent. Trump said the goal of the tariffs was to stop both illegal immigration to the U.S. and the supply of fentanyl across its borders with Canada and Mexico and to reduce the U.S.'s trade deficit.
But Trump has yet to back down from a 25% tariff on Canadian imports and 10% duty on Chinese merchandise that he enacted via an executive order this weekend. ... fertilizer, lumber, milk, and ...
The tariff on Canadian energy products is only 10%, not the 25% tariff announced on other Canadian exports. ... cutting off — Canadian lumber imports could further exacerbate the ongoing housing ...
President Joe Biden said that he hopes Donald Trump "rethinks" imposing tariffs on Mexico and Canada. Trump has said he may impose a 25% tariff on the two allies' imports after he retakes office.
If Trump tacks on 25% tariffs on top of that, import levies on Canadian lumber overall could top 50%. The U.S. consumes roughly 50 billion board feet of wood a year, most of that for new ...
Canada sees the potential for some movement toward settling a longstanding dispute with the United States over softwood lumber tariffs as the cost of building materials spikes south of the border ...