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In 1996, the United States and Canada reached a five-year trade agreement, The Softwood Lumber Agreement, officially ending Lumber III. Under its terms, Canadian lumber exports to the United States were limited to 14.7 billion board feet (34.7 million cubic meters) per year. However, when the agreement expired on April 2, 2001, the two ...
The dispute has had its biggest effect on British Columbia, the major Canadian exporter of softwood lumber to the United States. The heart of the dispute is the claim that the Canadian lumber industry is unfairly subsidized by the federal and provincial governments. Specifically, most timber in Canada is owned by provincial governments.
United States — Final Dumping Determination on Softwood Lumber from Canada. Add languages. ... Canada–United States softwood lumber dispute;
Duties on lumber from Canada had already risen to 14.4% this summer after the expiration of a U.S.-Canada agreement on softwood lumber. And a review of anti-dumping could further double the duties ...
Competitive auctions determine the stumpage fees to be paid. The difference between the cost of acquisition of harvested timber between the United States and Canada is the cause of the ongoing Canada-United States softwood lumber dispute. The United States' representatives claim the Canadian system of determining stumpage fees amounts to a subsidy.
The three major softwood-producing provinces—British Columbia, Ontario, and Quebec—accepted the compromise. [12] Leader of the Opposition Bill Graham and NDP leader Jack Layton did not, criticizing the deal for not requiring the U.S. to pay back all $5 billion it had collected in tariffs on Canadian softwood lumber. [13]
“It’s an ugly scenario” for the lumber market, Sitka Forest Products' Ashley Boeckholt told Fortune. ... 800-290-4726 more ways to reach us. Sign in. Mail. 24/7 Help. For premium support ...
In April 2017, the Trump administration took action on the longstanding Canada–United States softwood lumber dispute, raising the possibility of a trade war. Following Trump's comment that Canada's lumber trade practices are unfair, the United States Department of Commerce announced plans to impose a retroactive duty of 30–40% on Canadian ...