Canada’s lumber producers want to see softwood file on agenda for Ottawa summit between U.S. President Joe Biden and Prime Minister Justin Trudeau
The chief executive officers of Canada’s top lumber producers are set to meet on Thursday with International Trade Minister Mary Ng to spur the Canadian government to start talks with the United States to resolve the long-running softwood dispute.
The protracted trade fight dates back more than 40 years. In the latest round, the U.S. Department of Commerce startedin April, 2017. The countervailing and anti-dumping duty rates have fluctuated since then. “A level playing field against subsidized and dumped imports is particularly important during times of down markets when U.S. mills can least afford to lose sales to Canada’s harmful unfair trade practices that endanger U.S. jobs and communities who depend on a vibrant U.S. forestry industry,” he said in a statement on Wednesday.
After adding interest to duties already held by the U.S. government, the accumulated tariffs paid by Canadian producers since 2017 recently hit a value of US$6.5-billion, according to CIBC Capital Markets Inc.
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