Trump criticizes Canada’s lumber sector after imposing steel, aluminum tariffs

MONTREAL — U.S. President Donald Trump took to Twitter a day after imposing tariffs on steel and aluminum to call out Canada’s softwood lumber industry, a sector that could provide insight for others on resilience in the face of U.S. tariffs.

Trump criticized Canada’s softwood lumber and agriculture policies, using them as examples of how America is being treated poorly by Canada.

Canada’s softwood lumber sector has been dealing with the latest U.S. tariffs to hit the industry for nearly a year, handing over more than $200 million in 2017 to cover duties of about 20 per cent of the value of all exports.

Hundreds of millions more is expected to be deposited in 2018 as well.

However, the Canadian industry has been less damaged than had been anticipated as duties imposed by the U.S. government have been passed on to U.S. consumers in the form of higher prices.

Soaring demand for lumber from the booming U.S. housing construction sector, where housing starts were higher than they have been in a decade last year, has helped pushed prices to record highs.

RBC senior economist Nathan Janzen says the same forces could be at play with tariffs on steel and aluminum as a strong global economy and North American industrial sector could absorb prices that already increased when the first tariffs were imposed on several countries.

The federal government said Thursday that it would impose dollar-for-dollar counter-tariffs on $16.6 billion worth of United States goods in response to exemptions for Canada, Mexico and Europe from import duties of 25 per cent on steel and 10 per cent on aluminum.

Janzen says the steel and aluminum tariffs are a unique result of Trump policies whereas softwood lumber has been an irritant for several administrations of both political parties.

International Trade Minister Francois-Philippe Champagne says he doesn’t want to compare the softwood lumber and metals industries, even though both key sectors of the Canadian economy face import tariffs.

Just Posted

City of Red Deer gets ball rolling on annexing more land

”It’s important we look ahead,” says Mayor Veer

Walmart melding online and in-store shopping

South Red Deer Walmart recently underwent six months of renovations

Updated: Nature trail unveiled at RDC

Trail unveiling and tree planting honours Nova Chemicals $2 million donation

Video: Windows smashed at three Red Deer businesses

Red Deer RCMP arrest man after vandalism spree

Automated cars could kill wide range of jobs, federal documents say

OTTAWA — More than one million jobs could be lost to the… Continue reading

McGill research finds significant driving impairment 5 hours after cannabis use

MONTREAL — Driving under the influence of cannabis remains dangerous even five… Continue reading

Family: Remembering the important things

It seems so much of life is work and routine and then… Continue reading

Canada gets into Women’s World Cup with 7-0 win over Panama

FRISCO, Texas — Christine Sinclair isn’t concerned about chasing records. She’s set… Continue reading

Baldwin urges ‘overthrow’ of Trump government via voting

MANCHESTER, N.H. — Actor Alec Baldwin followed up his latest parody portrayal… Continue reading

Prince Harry and Meghan expecting their 1st child in spring

CANBERRA, Australia — Prince Harry and his wife, the Duchess of Sussex,… Continue reading

Sears files for Chapter 11 amid plunging sales, massive debt

NEW YORK — Sears filed for Chapter 11 bankruptcy protection Monday, buckling… Continue reading

Doctors to debate medical pot as more patients expected to ask for prescriptions

VANCOUVER — Doctors with opposing views on whether medical marijuana should be… Continue reading

Most Read