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Canada disillusioned by U.S. plan to take care of softwood lumber duties

News Room by News Room
Jan 24, 2023 6:48 pm EST
in Commodities
Reading Time: 1 min read
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© Reuters. FILE PHOTO: A employee unloads logs on the Murray Brothers Lumber Firm in Madawaska, Ontario, Canada, July 4, 2018. REUTERS/Chris Wattie/File Photograph

OTTAWA (Reuters) – Canada is disillusioned the US plans to take care of tariffs on Canadian softwood lumber imports, Ottawa stated on Tuesday, arguing {that a} negotiated answer to the longstanding dispute was in one of the best pursuits of each nations.

Canadian Commerce Minister Mary Ng was responding to the U.S. Commerce Division’s preliminary determination to take care of its degree of duties on Canadian softwood lumber imports as a part of an annual evaluation.

“This can be a disappointing determination to many on either side of our shared border,” Ng stated in a press release.

The softwood lumber tariffs are the legacy of a decades-long commerce dispute over the construction of Canada’s timber sector that might not be resolved when a quota settlement expired in 2015.

“We’re assured {that a} negotiated answer to this long-standing difficulty is in one of the best pursuits of each our nations,” Ng stated.

Read the full article here

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