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Speaking during a first of its kind meeting dedicated only to members of
the U.S. conservative media, including Breitbart News, OANN and Daily
Caller, President Trump told reporters to expect a 20% tariff on
softwood lumber coming into Canada.
“We’re going to be putting a 20 per cent tax on softwood
lumber coming in — tariff on softwood coming into the United States from
Canada,” tweeted Charlie Spiering of Breitbart Media.
Trey Yingst of OANN tweeted that according to Trump “Canada
has treated us very unfairly” and also threatened a tax on Canada’s
dairy industry.
According to the WSJ, Wilbur
Ross said the tariff will be applied retroactively and imposed on
Canadian exports to the U.S. of about $5 billion a year. He
said the dispute centers on Canadian provinces that have been allegedly
allowing loggers to cut down trees at reduced rates and sell them at low
prices. "The determination that Canada improperly subsidizes its
exports is preliminary, and the Commerce Department will need to make a
final decision.
In addition, the U.S. International Trade Commission
will need to find that the U.S. industry has suffered injury. But even a
preliminary decision has immediate real-world consequences, by
discouraging importers from buying lumber from Canada."
Or, as a WSJ associate editor put it, "Blame the Chinese, but tax the Canadians:"
Canadians have had a tough time of it recently: they
are getting inundated with illegal immigrants (thanks to Trudeau's
welcome) and not benefitting from the wholesale emigration north that so
many liberals promised if Trump was elected; housing has become
unaffordable due to Chinese hot money flows encouraged by the
government; the Canadian energy industry is hosed because of US shale
production-driven low prices; and now the US imposes trade tariffs on
another of their biggest exports.
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