Timber Industry Welcomes Lumber Tariffs; Trudeau Warns of 'Thickening Border'
- Author: Zachary Reyes Apr 26, 2017,
Apr 26, 2017, 21:56
According to the White House, Canada has been subsidizing its softwood lumber industry thereby putting the industry in Wisconsin and the upper Midwest at a competitive disadvantage.
Freeland, who described the tariffs as "punitive, unfair and just plain wrong", said Canada would strongly defend its domestic industry.
The softwood spat is unfolding amid a much bigger trade issue - the renegotiation of the North American Free Trade Agreement.
The president has been ramping up his rhetoric against Canada for a week, telling a gathering in Wisconsin last week that Canada's dairy trade policies were "very unfair" and promising to change them.
Pence said the US trade deficit had more than doubled in the five years since the US-South Korea free trade agreement began and there were too many barriers for US businesses in the country.
Trudeau says the two countries are economically interconnected, but it's not a one-way relationship. "But really, as the president, Secretary of Commerce, and others have pointed out, the issues in terms of the timber industry and the difference between what it is for Americans to do business in Canada versus Canadians to do it in the United States", Walker said. The Trump administration is also considering duties on dairy products from Canada.
"In order to create economic growth and lots of very good, well-paying jobs, we must ensure that our economy is a place where women can work and thrive", Trump said.
My priority is the people of Ontario, and I will stand up for them every time.
Meanwhile, Canadian Prime Minister Justin Trudeau warned Tuesday that Canada and the US could suffer a "thickening" border as the Trump administration imposes new tariffs on softwood lumber and trade tensions between the two countries escalate.
While the currency fell, shares in Canadian lumber companies rose as the level of the new tariffs came in at the low end of what investors were expecting. Trump has called the move "a disgrace" that hurts US producers in dairy states like Wisconsin.
"I don't think there is a grand strategy unfolding with respect to Canada on this side of the border, " Greenwood said.
"These proposals ensure security of supply at fair prices to U.S. consumers and United States companies that rely on Canadian imports".
Softwood lumber accounted for $5.6 billion of the imports.
The White House launched a rhetorical fusillade against its close ally and neighbor on Tuesday, accusing Canada of "rough" trade practices that have hurt American workers and farmers.
The most observant among us could probably spot a few differences between Donald Trump and Canadian Prime Minister Justin Trudeau.
On Tuesday, a Wisconsin state official said about half the state's farms affected by Canada's move had found new buyers for their milk or have promising leads.