The Commerce Department determined that exporters from Canada have sold softwood lumber the United States at 3.20 percent to 8.89 percent less than fair value.
The lumber dispute, a similar tariff fight over Bombardier Inc. jets made in Canada, and a disagreement over milk products have dominated business headlines in Canada this year, raising concerns that the trade friction could spill over into the neighbors' broader bilateral ties.
The U.S. argues that in their view the duty is required to offset unfair subsidies that Canadian and provincial governments allegedly provide to lumber companies.
A timeline provided by the provincial government indicated the U.S. Lumber Coalition filed petitions with the U.S. International Trade Commission and the Commerce Department on November 25, 2016, alleging certain Canadian provinces illegally subsidize lumber producers and certain producers were dumping products into the U.S. market.
Also excluded is USA lumber shipped to Canada for some processing and imported back into the US, certain box spring kits, and box-spring frame components.
A previous softwood lumber agreement expired in 2015, although it was provisionally extended for a year to work out a new deal.
In a joint statement, Canadian Minister of Foreign Affairs Chrystia Freeland and Minister of Natural Resources Jim Carr described the decision as "unfair, unwarranted and deeply troubling".
The U.S. Commerce Department on Thursday announced it will impose finalized softwood lumber import duties on several Canadian firms.
Tesla is trading down ahead of Wednesday's earnings report
Last month, Tesla reported it delivered 26,150 vehicles in the third quarter, a 4.5 percent rise on the same period of 2016. Shares of far larger automaker General Motors have climbed about 23 percent, while Ford shares are up almost 2 percent.
"We are pleased the U.S. government is enforcing our trade laws so that the U.S. lumber industry can compete on a level playing field", said Jason Brochu, co-chairman and co-president of the U.S. Lumber Coalition.
The preliminary duties have forced Canadian companies to pay hundreds of millions of dollars in deposits, which could be refunded if they win a final ruling by the US International Trade Commission around December 18.
The decision affirmed a preliminary action taken by the Commerce Department in April. Also excluded are US lumber shipped to Canada for some processing and imported back into the USA, certain box-spring kits, and box-spring frame components. In addition, it concluded that Canada is providing unfair subsidies to its producers at rates from 3.34 percent to 18.19 percent.
Freeland and Carr said that the Canadian Government is reviewing its options, including the possibility of legal action through NAFTA and the WTO.
"Home builders and home owners are already dealing with the monumental rebuilding efforts in the aftermath of the devastating hurricane season and California wildfires", Granger said.
The softwood lumber duties are a double-whammy for the USA housing sector, which is expected to have mortgage interest deductibility on new home purchases capped at US$500,000 during the federal tax overhaul. "This tariff only adds to the burden by harming housing affordability and artificially boosting the price of lumber".
Canadian Prime Minister Justin Trudeau said he didn't expect the softwood lumber decision to affect NAFTA negotiations between the United States and Canada. These duties are a tax on American middle-class families too, whose homes, renovations and repairs will only be more expensive.
Mike Garafolo of the NFL Network now confirms that Watson's ACL is torn, bringing his rookie campaign to a close. Watson went down on a non-contact injury, while running a read-option play, according to ESPN's Adam Schefter .
Thankfully, it looks like Samsung is getting ready to test the latest version of Android on the Galaxy S8 and Galaxy S8 Plus. Samsung starts rolling out Android security patch for the month of October on its Galaxy J3 (2017).
They desperately need help on defense , and if they're going to get Brady one more ring, they'll need to look for outside help. Maybe the thought process on the part of the Patriots was "Let's get something for Garoppolo while we still can".
Some refiners postponed scheduled maintenance as hurricane Harvey approached, now that maintenance and some repairs are underway. Patrick DeHaan from www.gasbuddy.com is warning prices at the pump could soon rise in MI to $2.99 a gallon.
Kidde says the fire extinguishers can become clogged and require extra force to discharge, or fail to activate completely. If you have questions on the recall, you can contact Kidde toll-free at 855-271-0773 from 8:30 a.m.to 5 p.m.
New Zealand is among the top ten nations in the world when it comes to gender equality , according to a new global report . She added that the history of Islam had many examples of powerful women who played a full part in business and society.
If the reports are confirmed, this would be the fifth time Israel has exchanged fire with Syria in the past month. On Wednesday, Israel's Channel 10 said the aircraft were not hit and returned safely to base.
The two generals met in Tehran as part of efforts for expansion of military cooperation between the two countries. Earlier in the day, Putin sat down for talks with his Iranian counterpart, Hassan Rouhani.
Previously, this plant was run by Uttar Pradesh state electricity board but was taken over by the NTPC a couple of years back. A National Disaster Response Force team has also been sent to help with the rescue efforts.
Qualcomm sues Apple for breach of software license contract
Qualcomm has not alleged that Intel chips violate its patents but claims that the way Apple implements them in the iPhone does. Still, these results are a reflection of the toll that the legal battle between Qualcomm and Apple is taking.
HTC could make a serious comeback with the HTC U11 Plus
Although we're impressed with the design of the U11 Life , it's the specs on offer that really show why it's a lot cheaper. The U11+ will ship with Android 8.0 Oreo and HTC Sense, and both Google Assistant and Amazon Alexa will be pre-installed.
Mueller Investigation Sinks a Trump Nominee
He pleaded guilty to lying to authorities on October 5 and has since been cooperating with investigators, according to officials. Sam Clovis , a former top campaign official for Donald Trump , withdrew from his nomination to an Agriculture Department post .
Macon dentist dishes out dollars for candy
Along with candy, the dentist office will also be sending dental kits and letters of appreciation to the USA troops. Operation Gratitude started encouraging dental offices to collect Halloween candy to send to the troops in 2007.
Donald Trump Jr. Dresses as His Father for Halloween
Trump followed up by sharing a photo of daughter Chloe before putting his kids to bed. "Refugees are people. There were also messages of support for Trump Jr's decision to teach his daughter a valuable lesson .
Osweiler Named Starting QB By Broncos
Siemian has thrown six interceptions in the past three games combined as opponents have turned those six picks into 17 points. Osweiler made a name for himself by going 5-2 with the Broncos back in 2015 after Peyton Manning went down with an injury.
First Iowan Death Reported This Flu Season
Symptoms include sore throat, cough, runny nose, fever, head and muscle aches, fatigue and occasionally vomiting and diarrhea. Officials say providing the free service is a great way to encourage everyone in the community to keep themselves protected.