Trump says
The BC’s forestry sector is awaited by the results of the investigation of an US Commerce Department in the import of wood products, which can implement further tariffs on the industry.
It comes months after the launch of US President Donald Trump A section 232 check Can wood, lumber and derived products import or not A national security threat To America
Particularly the possibility of further tariffs on BC’s softwood wood industry – which is already working with one High 35 percent The duty imposed by the US – even more mill closure and job loss can mean, experts say.
The US Department of Commerce on Friday increased the counterwalling duties on Canadian softwood wood to a total of 35.19 percent.
“Lumber is one of many areas that can be affected … probably lumber gets a low tariff, but plywood and OSB (attached wood) And the pulp gets a high tariff. We don’t know, “ Ras Taylor, a Forestry Industry Advisor and Analyst.
He said, “But, very clearly, this is a broad-based view of how the US can deal with applying the tariff based on whatever is there and, you know, (put) Chokhold on Canada,” he said.
Under Section 232 of the 1962 Trade Extension Act, the apex can direct the Commerce Secretary to see the suspected national security threats caused by imports. Within 270 days – about nine months – Secretary will have to submit a report to the President with any recommendation for action and action.
Trump has previously imposed tariffs for steel, aluminum, auto and copper based on Section 232 probe, which have been particularly harmful to the Canadian economy, which has led to job loss and declining job loss and exports.
The United States has long been the largest market for BC Lumber exports, which represents more than two-thirds of the market About $ 10 billion industries,
However, thousands of jobs Is lost Since Mills have been closing around the province in recent years, and major forestry companies are opening new mills in the United States.
Lumber mills on Mitchell Island along the Fraser River are still stirring, but there are concerns that they may be in trouble. Last Friday, the US Department of Commerce announced a major growth on duties for Canadian softwood wood. Other dumping fees were announced in July. This means that Canadian wood is now subject to duties of more than 35 percent. We talk with Kevin Mason Managing Director of ERA Forest Product Research, which provide some references on the ongoing business dispute.
Taylor – Which lists Chaiti Cedar, West Fraser Timber and Western Forest Products among about 300 forestry companies, while the anticipated Section 232 Tariffs can cause further mills in BC, the American Forestry Industry does not yet have the ability to fill zero which will avoid the lack of Canadian imports.
“We are 22 to 24 percent of the American consumption, so it cannot go to zero because they will be reduced.”
“And trust me, American mills will be very happy to increase their price … at a discount for Canadian price because it is only free money for them,” he said.
Finally, Taylor says that Average American homebuilder There is going to be one that pays more because it becomes more expensive to import Canadian wood due to tariffs and duties.
Results may fall into fall: Minister
Stream There was 232 investigation in imported wood products Started in MarchThe same week Trump ordered a similar investigation in imported copper.
It was a special inquiry Ended in JulyAnd the US President ordered a 50 percent tariff on imported copper as a result.
Forest Minister Ravi Parmar told CBC News that the province’s understanding is that Trump has received Section 232 investigation in wooden products, and more data may be sourced before releasing its results.
According to the minister, this decline will be released on the latest.
Parmar said, “But as we know, he has released information that has affected our pharmaceutical industry, our copper industry.”
“And so it can be very well a matter of time that he makes another attack on our forest area.”
Parmar had earlier said that the investigation quota could have results, which can limit the amount of forestry products that can be brought to America.
But Taylor says that he suspects whether the quota will be imposed, saying that the current status of cases with high duties was already beneficial for America.
“I am not sure what else they are looking, except that we can apply a tariff. Why don’t we?” He said.
After months of pressure and pleading with BC, Prime Minister is making a significant monetary commitment to help Canada’s unfaithful forestry sector. As the report of Brady Strachan is reported, the US-Spark Business War and one of the major exports of the province come on promises between its impact.
Parmar said that it was difficult to say what Trump would do, the President said that “regularly changes his mind,” but he was optimistic Recently declared federal support For Lumber Industry because it waits for the results of the investigation.
The minister said at the end of July, “I think it is important for the President to identify that, as a person who ran on a mission to stand for the middle class, is adding the largest tax on the middle class.”
“And it is a tax for those who are only trying to build a house, or who are trying to rebuild their homes.”
