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Trade War with Canada? Not So Fast

Trade War with Canada? Not So Fast

He said President Donald Trump's proposed 20 percent tariff on imported softwood lumber may benefit local lumber industries, but it could backfire with increased housing costs, among other things.

Steelworkers global president Leo Gerard stood with U.S. President Donald Trump recently to endorse an investigation of steel trade into the U.S., but he issued a statement Tuesday decrying the lumber action.

Bill Kordyban's company, Carrier Lumber, will have to spend millions of dollars next week on what he calls an "unfair" retroactive tariff that will put Canada's small and medium-sized mills at a significant competitive disadvantage.

USA farmers, along with dairy producers in other exporting countries, are suffering through a 55 per cent drop in global dairy prices since 2014, caused primarily by a worldwide glut of skim milk. I think there is a deal to be had which is good for Canada, good for United States consumers. North American free-trade rules do not cover these ingredients, so US dairies sold those low-priced products to dairies in Canada. This opened the door for the U.S. Department of Commerce to determine whether duties should be imposed on Canada.

"Canada and the US have two very different approaches to forestry management that mean that this issue will never go away", says Mark Warner, a trade lawyer. -Canada softwood lumber dispute and threatening and then unthreatening to blow up NAFTA because he just wants to have done something in his first hundred days in office.

Besides, as Mark Perry of the American Enterprise Institute points out, we should be treating Canada's cheap lumber as a form of foreign aid.

However, when Canada' s supply management was introduced in the late 1960's, it had 140,000 dairy farms. Prosser says he and his father might have to shut down their business and sell their 100 cows if they can't find a new customer by May 1.

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Canfor said it anticipates "marketplace volatility" as duty investigations and negotiations progress.

-Canada issue Ottawa needs to focus on going forward? "They are used to dairy and softwood being continuing irritants" in relations with the United States.

The White House statement said that Mr. Trump spoke with Mexican President Enrique Peña Nieto and Canadian Prime Minister Justin Trudeau.

He added: "Any two countries are going to have issues that will be irritants to the relationship".

"We are pleasantly surprised that the Trump Administration is acknowledging the importance of the integrated nature of the economy in North America".

I yelled in the general direction of the Moon, "Perhaps, there's some Space Anthropologist Ph.D. up there explaining that we engage in this act of ceremonial societal flagellation to ensure that the sun keeps rising, or to appease the angry ghosts of dead economists".

Hufbauer at the Peterson Institute says he doubts Trump's talk will force Canada to changes its way.

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