xi's moments
Home | Americas

Canada extremely disappointed at US softwood lumber duties: minister

Xinhua | Updated: 2024-02-02 14:43

OTTAWA -- Canadian Trade Minister Mary Ng on Thursday expressed extreme disappointment at the US intention to significantly increase its duties on softwood lumber.

The US Department of Commerce has signaled its intention to increase its duties on Canadian softwood lumber from 8.05 percent to an estimated 13.86 percent, Ng said in a statement.

"This measure is entirely unwarranted," she said. "US duties on softwood lumber already unjustifiably harm consumers and producers on both sides of the border. Increased duties will further harm the Canadian softwood lumber industry, workers and communities, and make housing even less affordable for Americans."

The softwood lumber industry plays a key role in Canada's economic activity, serving as an essential component of the country's forestry sector.

The Canada-US softwood lumber dispute has become one of the most enduring trade disputes between the two neighboring countries. Over the past 25 years, Washington has frequently imposed restrictions on Canadian softwood lumber imports through countervailing duty and antidumping laws.

Global Edition
Copyright 1995 - . All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form. Note: Browsers with 1024*768 or higher resolution are suggested for this site.
License for publishing multimedia online 0108263

Registration Number: 130349