President Trump delayed for 3 days the duties on Canadian softwood lumber that was set to take effect on Monday. The US Department of Commerce had announced on April 24 that it would impose a preliminary anti-dumping duty of 6.89% and a countervailing duty of 12.82% on imports of certain softwood lumber products from Canada. The US and Canada have reached an agreement on a new softwood lumber trade deal that will help to stabilize the North American lumber market, according to a joint statement by the US Trade Representative and Canada's Minister of Foreign Affairs. The U.S. and Canada have agreed to a suspension agreement on Canadian softwood lumber. The U.S. will not impose duties for 50% of Canadian softwood lumber imports. The two countries agreed to a deal that will last for 2 years. The deal will help to stabilize the North American lumber market. The US and Canada have agreed to continue negotiations to reach a new softwood lumber trade deal. The US will continue to work with Canada to resolve disputes. The US and Canada have agreed to strengthen their trade partnership. The two countries will continue to work together to strengthen their economic relationship. The US Department of Commerce announced on April 24 that it would impose duties on imports of certain softwood lumber products from Canada. The duties were set to take effect on Monday. But President Trump delayed for 3 days the duties on Canadian softwood lumber that was set to take effect on Monday. The US and Canada have agreed to a new softwood lumber trade deal. The deal will help to stabilize the North American lumber market. The US and Canada will continue to work together to strengthen their economic relationship.
We haven't written up this one. Hankyoreh has the full story — the link below goes straight to it.
