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A Straightforward Breakdown Of Effective Gym Chalk Canada Solutions


US President Donald Trump has been sending Canada mixed messages on trade, initially offering assurances that Nafta will only need "tweaks" but recently singling out Canada's softwood lumber and dairy industries for criticism. As US Commerce Secretary Wilbur Ross said in a statement: "It has been a bad week for US-Canada trade relations." Canada is "generally a good neighbour but that doesn't mean they don't have to play by the rules," he later said. Canadian Prime Minister Justin Trudeau says his job is to stick up for Canada's interests. Here are five things to know about the Canada-US softwood lumber spat. What are the most recent developments? The US has claimed for decades that Canada is unfairly subsidising its lumber industry by charging minimal fees to log public lands. On Monday, the US Commerce Department imposed an overall 20% tariff on Canadian softwood lumber. In this "preliminary determination", five exporters each face specific countervailing duties , which are meant to level the playing field between domestic producers and government-subsidised foreign producers of a product, ranging from 3.2% to 24.12%. Getty Images Softwood lumber is used mainly in homebuilding The US Commerce Department valued softwood lumber imports from Canada at US$5.6bn (C$7.6bn/4.3bn) in 2016. The duties will amount to about US$1bn, according to Secretary Ross. This comes after no breakthrough was reached in recent talks in the decades-long dispute. A safe fight to pick - John Mervin, BBC Business, New York President Trump is finding it difficult to turn campaign rhetoric into government action in in many arenas, but particularly so in overseas trade. He won the presidency, in part, with a strong and simple message of "winning" trade deals and being "tough" with the US's biggest trading partners.


For the original version including any supplementary images or video, visit http://www.msn.com/en-sg/money/markets/has-the-us-started-a-canada-trade-war/ar-BBAniTb


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Gym Chalk Canada
Admin · 55 views · Leave a comment
06 May 2017. 09:48:13 am

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