Trump slaps first tariffs on Canadian lumber - News Summed Up

Trump slaps first tariffs on Canadian lumber


— Donald J. Trump (@realDonaldTrump) April 25, 2017The tariffs -- also called duties -- ranged from 3% to 24% on five specific Canadian lumber companies. U.S. lumber companies allege that Canadian firms are provided with unfair subsidies by the Canadian government. The lumber dispute isn't new, and it's not the first the U.S. has imposed tariffs on Canadian lumber. U.S. lumber companies started alleging in the 1980s that Canadian companies have been unfairly subsidized by their government. "Today's ruling confirms that Canadian lumber mills are subsidized by their government and benefit from lumber pricing policies," Cameron Krauss, legal chair for the U.S. Lumber Coalition, said in a statement.


Source: CNN April 25, 2017 02:34 UTC



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