Recent Quotes View Full List My Watchlist Create Watchlist Indicators DJI Nasdaq Composite SPX Gold Crude Oil EL&P Market Index Markets Stocks ETFs Tools Overview News Currencies International Treasuries Canada applauds trade dispute panel's ruling on US softwood lumber policy review By: FOXNews.com October 06, 2023 at 15:36 PM EDT Canada expressed its satisfaction with a ruling from a trade dispute panel, which stated that the U.S. should reevaluate certain aspects of its policy concerning softwood lumber. Canada welcomed on Thursday a trade dispute panel ruling which said the U.S. should review parts of its policy on softwood lumber which includes duties on most such products exported from its northern neighbor.The duties are the legacy of a decades-long trade dispute over the structure of Canada's timber sector that could not be resolved when a quota agreement expired in 2015. U.S. producers say Canada unfairly subsidizes its lumber sector.The United States has based its tariffs on a finding that Canadian timber harvested from federal and provincial lands with low government-set stumpage fees constitutes an unfair subsidy, while most U.S. timber is harvested from private land at market rates.BANFF GRIZZLY BEAR ATTACK: UNCLE REVEALS CHILLING FINAL MESSAGE HE RECEIVED FROM CANADIAN COUPLE BEFORE DEATHSOn Thursday, the ruling said that it was directing the U.S. to review the treatment of export taxes. The U.S. Commerce Department in July set a duty rate of 7.99% on the product."Canada is pleased that the NAFTA (North American Free Trade Agreement) dispute panel agrees that elements of the U.S. dumping determination are inconsistent with U.S. law," Trade Minister Mary Ng said in a statement.NAFTA was substituted by the United States-Mexico-Canada Agreement (USMCA) in 2020.The U.S. commerce department did not immediately respond to a request for comment from Reuters. Related Stocks: Fancamp Exploration Ltd Data & News supplied by www.cloudquote.io Stock quotes supplied by Barchart Quotes delayed at least 20 minutes. By accessing this page, you agree to the following Privacy Policy and Terms and Conditions.
Canada applauds trade dispute panel's ruling on US softwood lumber policy review By: FOXNews.com October 06, 2023 at 15:36 PM EDT Canada expressed its satisfaction with a ruling from a trade dispute panel, which stated that the U.S. should reevaluate certain aspects of its policy concerning softwood lumber. Canada welcomed on Thursday a trade dispute panel ruling which said the U.S. should review parts of its policy on softwood lumber which includes duties on most such products exported from its northern neighbor.The duties are the legacy of a decades-long trade dispute over the structure of Canada's timber sector that could not be resolved when a quota agreement expired in 2015. U.S. producers say Canada unfairly subsidizes its lumber sector.The United States has based its tariffs on a finding that Canadian timber harvested from federal and provincial lands with low government-set stumpage fees constitutes an unfair subsidy, while most U.S. timber is harvested from private land at market rates.BANFF GRIZZLY BEAR ATTACK: UNCLE REVEALS CHILLING FINAL MESSAGE HE RECEIVED FROM CANADIAN COUPLE BEFORE DEATHSOn Thursday, the ruling said that it was directing the U.S. to review the treatment of export taxes. The U.S. Commerce Department in July set a duty rate of 7.99% on the product."Canada is pleased that the NAFTA (North American Free Trade Agreement) dispute panel agrees that elements of the U.S. dumping determination are inconsistent with U.S. law," Trade Minister Mary Ng said in a statement.NAFTA was substituted by the United States-Mexico-Canada Agreement (USMCA) in 2020.The U.S. commerce department did not immediately respond to a request for comment from Reuters. Related Stocks: Fancamp Exploration Ltd