Commission rules in favor of United States lumber industry

A worker at a softwood lumber mill in Fredericton

The U.S. International Trade Commission's made a final determination, in a 4-0 vote, that Canada subsidizes and dumps lumber exports into the United States, a move that is likely to increase already tense negotiations to update the North American Free Trade Agreement (NAFTA).

SUSAN Yurkovich, President of the BC Lumber Trade Council, on Thursday called the affirmative injury decision issued by the U.S. International Trade Commission [ITC] on softwood lumber as completely without merit.

American producers allege that the Canadian industry is subsidized by the provincial and federal governments, while in the US, prices are set by the market - a situation the USA contends is unfair.

"Now, with a level playing field, the USA lumber industry, and the 350,000 hardworking men and women who support it, can have the chance to compete fairly", Brochu said.

Susan Yurkovich, President of the BC Lumber Trade Council, which represents lumber producers in British Columbia, the largest Canadian exporter of softwood lumber to the US, said the ruling by the commission "is completely without merit".

"If we were not seeing the same kind of demand and the same kind of high prices we're seeing then we might be in an entirely different type of situation", said Neuheimer.

Nets trade for Jahlil Okafor, reports say
Booker, a seventh-year power forward, averaged 10.1 points and 6.6 rebounds in 22 minutes per game for the Nets this season. The team acquired Stauskas in a trade from the Sacramento Kings in a July 2015 trade.

The commission made the decision in a unanimous vote on December 7.

The tariff will average 20.83 percent on Canadian lumber imports, which are used mostly for home building in the United States. The Commerce Department a month ago issued a final determination that Canada subsidizes its forestry industry and dumps lumber on the USA market at unfairly low prices, and the department issued final tariffs of 20% or more, depending on which Canadian mill saws the lumber.

The U.S. Commerce Department last month lowered preliminary duties. Canada also kicked off a process to challenge the tariffs at the World Trade Organization, the global trade arbiter that is under increasing pressure from the Trump administration. Those fees are lower than fees paid on USA timber, which comes largely from private land.

Any lumber agreement is expected to remain outside of a final NAFTA pact. Canadian producers paid about $500 million in deposits for the duties thus far, with more to come in 2018 if there is no settlement.

In 2016, Canada exported rough $5 billion in softwood lumber to the U.S.

Related News:

  • Marsh & McLennan Companies, Inc. (MMC) Shares Sold by Prospector Partners LLC

    Therefore 54% are positive. (AJG) pays a dividend of 1.56, which translates to dividend yield of 2.37% based on the current price. The stock of International Paper Company (NYSE:IP) earned "Hold" rating by KeyBanc Capital Markets on Thursday, June 29.
    Ranveer turns quirky policeman for upcoming film 'Simmba'

    Ranveer turns quirky policeman for upcoming film 'Simmba'

    The first-look poster of Simmba is as colourful as one would expect for a personality as varied and wild as Singh's. The Singham franchise is the remake of Suriya-starrer Singam and has Ajay Devgn in the lead role.
    Mundi buyer was a Saudi prince

    Mundi buyer was a Saudi prince

    The New York Times report said Prince Bader took part in the auction of the painting through telephone on November 15. Prince Mohammed, in turn, has been called an admirer of Abu Dhabi Crown Prince Mohammed bin Zayed Al-Nahyan.
  • Tokyo Olympics and Paralympics mascot finalists unveiled【Pics & Video】

    Voting by elementary schoolchildren will continue through February 22nd, with no votes being accepted from the general public. Each of the three finalist proposals is a pair of mascots, one each for the Olympic and Paralympic Games.
    House Approves Two-Week Spending Bill to Avert Government Shutdown

    House Approves Two-Week Spending Bill to Avert Government Shutdown

    Fourteen Democrats voted for the measure backed by the GOP leadership and 18 Republicans defecting from their party. Democrats boycotted a similar gathering last week after Trump tweeted that he didn't see a deal as being possible.
    Yahoo And Mozilla Sue Each Other Over Partnership Collapse

    Yahoo And Mozilla Sue Each Other Over Partnership Collapse

    Back in 2014, Mozilla and Yahoo struck a deal , ensuring that Yahoo would be the default search engine on Firefox through to 2019. As early as January 2015, Mozilla began discussions with Yahoo on the shortcomings of the quality of the search product.
  • War of Words!!!! PDP vs APC

    War of Words!!!! PDP vs APC

    Adeyeye said, "All you need to do is pick up the constitution of the party and see whether Atiku is qualified to vote or not". President's credit if a peaceful and transparent convention of the leading opposition party was conducted ‎under his regime.
    Arizona Rep. Trent Franks expected to resign

    Arizona Rep. Trent Franks expected to resign

    It was not immediately clear why Franks was resigning. "I'll let the statement speak for itself", he said off the House floor. The governor is required to establish the date of the primary election within 72 hours of the seat being officially vacated.
    Sia Responds Honestly to Criticism Over Catapulting Maddie Ziegler to Fame

    Sia Responds Honestly to Criticism Over Catapulting Maddie Ziegler to Fame

    It's reinforcing to hear Sia's own thoughts on the situation and that she trusts Maddie to make a call on how much she works. Ziegler first got her Sia connection in the popular video for " Chandelier ", which had everyone asking "who's that girl?"
  • Alan Pardew fears losing West Brom captain Jonny Evans in January

    Alan Pardew fears losing West Brom captain Jonny Evans in January

    He was terrific for me against Crystal Palace, I can only go on his performance and I thought he was outstanding. "Of course I do".
    Lindsay Lohan and Her Mom Look Like Literal Twins in These Pictures

    Lindsay Lohan and Her Mom Look Like Literal Twins in These Pictures

    Lindsay shocked fans when she moved to Dubai after years in London. She added that she was "trying" to get something in the works. Lindsay's DailyMailTV interview airs on Wednesday evening.
    Camila Cabello announces new solo album release date

    Camila Cabello announces new solo album release date

    A group of Harmonizers went to the airport last night in hopes of meeting Fifth Harmony when they landed, but the girls unfortunately could not stop to talk or take pictures.


Most liked

Trump Calls on Saudi Arabia to End Blockade of Yemen
Saudi Arabia imposed a blockade on Yemen's ports after a Houthi missile was sacked toward Riyadh airport on November 4. About eight million people are on the brink of starvation with outbreaks of cholera and diphtheria.

Miami Marlins trade second baseman Dee Gordon to Seattle Mariners
Between Modesto and Double-A Arkansas, the right-hander put up a combined 3.45 ERA with a 122/22 K/BB ratio in 127 2/3 innings. The Mariners missed on the postseason this year, but they've already made positive moves to avoid the same fate next season.

Hull City appoint former Sheffield United and Southampton as new Head Coach
The 52-year-old has a wealth of experience managing in the English game, and guided Southampton to the Premier League in 2012. Following Saturday's clash with Brentford , Adkins will face testing trips to Cardiff City and Leeds United.

Make Time Move When You Do Again In Superhot: Mind Control Delete
The Steam Early Access title will be sold at a reduced price while in development, while the finished game will retail for $25. The full version of the game is apparently a full year away, so it'll be a long time before the full package comes together.

Serena Williams to Get Her Own Building at Nike Headquarters in 2019
Another person encouraged the athlete to do "what feels right" and said she was still nursing her 17-month-old. "What a year it has been", she began.

Payden & Rygel Trims Position in Consolidated Edison, Inc. (ED)
The collective rating of 2.3 for Edison International (NYSE: EIX ) also leans strongly towards the neutral end of the spectrum. Finally, Bank of America began coverage on shares of Consolidated Edison in a report on Tuesday, October 24th.

Planes drop roses over Statue of Liberty to mark Pearl Harbor Day
In all, the Japanese attack on Pearl Harbor crippled or destroyed almost 20 American ships and more than 300 airplanes. Jindrich held out the United States and its military as the most humane country and troops the world has ever known.

Firefighters Battling 'Hurricane-Force' Winds in Creek Fire
The Creek Fire grew to over 4,000 acres by Tuesday afternoon as hundreds of firefighters were deployed to push back the flames. The 210 Freeway was closed in both directions between the Golden State (5) Freeway on the west and the Glendale (2) Freeway.

'Lilac Fire' burning along I-15 near Fallbrook
A brush fire is burning near Interstate 15 and SR-76 in North County San Diego, according to the California Highway Patrol. CAL Fire said in a statement that the fire has destroyed two buildings and damaged 12.

Norwegian model accuses Kevin Spacey of sexual harassment
Ari, who Ari Behn , who divorced Princess Martha Louise of Norway a year ago , admitted to being taken back by Spacey's behaviour. U.S. actor Anthony Rapp alleged Spacey made sexual advances toward him in 1986, when Spacey was aged 26 and Rapp just 14.

Cisco Systems, Inc. (CSCO) Stake Increased by Schroder Investment Management Group
It is positive, as 90 investors sold CSCO shares while 594 reduced holdings. 111 funds opened positions while 694 raised stakes. The firm owned 112,397,551 shares of the company's stock after buying an additional 978,741 shares during the period.

IDF Retaliates with Tank Fire for Gaza Rockets; No Injuries
Both Israelis and Palestinians lay claim to Jerusalem, although Israel has retained control over the city since 1967. The IDF said the strikes on Gaza had been carried out with tank fire and from an aerial vehicle.

China says no change in its stand on India's membership to NSG
Russia, France, Germany and the U.S. have backed India's entry into the Wassenaar Arrangement. Ryabkov, who spoke in New Delhi , also said India's case can not be compared to Pakistan's.

Black lawmakers to snub Trump in Mississippi
Phil Bryant invited President Trump to attend the opening and he is expected to attend, per a White House official. Lewis was one of the original Freedom Riders and one of the Big Six leaders of the civil rights movement.

Brown-Forman posts second quarter profit
On a one to five ratings scale where 1.0 indicates a Strong Buy, 2.0 indicates a Buy, 3.0 a Hold, 4.0 a Sell and 5.0 a Stong Sell. COPYRIGHT VIOLATION NOTICE: This report was posted by StockNewsTimes and is the sole property of of StockNewsTimes.