Published: Tue, May 09, 2017
Markets | By Erika Turner

Trudeau will stand up to Trump on trade

U.S. Commerce Department officials say it's been a tough week for trade relations with Canada.

Earlier this week, the Trump Administration sparked controversy when the President announced a new import tax on Canadian soft timber.

The new USA duties of up to 24 percent on softwood lumber from Canada "gives us hope the USA lumber industry may finally see relief from decades of trade abuses", Reps.

Trump has said US lumber producers are driven out of business and suffer when the Canadian government subsidizes its lumber industry.

Speaking with CTV News, Ross stood behind the move. I think there is a deal to be had which is good for Canada, good for USA consumers.

United States lumber firms have made allegations that Canada subsidizes the industry for decades, leading to at 30 percent tariff in 2002 and that subsequent loss by the U.S. before the World Trade Organization in 2004.

Canadian imports, valued at $5.7 billion, make up about 30 percent of all softwood lumber used in USA housing construction.

He further said that the sell of dairy products were not allowed from Wisconsin, New York and other border states to Canada.

Federal ministers are now fanning out across the US, meeting people who benefit from Canadian trade.

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"Canada can either retaliate by imposing tariff on other USA products that we sell in Canada or they can go for arbitration (with) the World Trade Organization, so we have to see how Canada reacts", Chowdhury said.

"Well, part of the problem with NAFTA is that it doesn't include everything that it should include".

Barack Obama's last envoy to Ottawa said publicly wailing about grievances actually makes it harder to resolve all the inevitable, routine trade irritants that pop up in a C$841-billion annual bilateral relationship.

Prime Minister Justin Trudeau spoke on the issues over the phone with Trump on Tuesday.

People applauded Canada for "throwing shade" at President Trump.

Trudeau, speaking in Kitchener, Ont., says it's true Canada has a deeply interconnected economic relationship with the USA, but that the opposite is also true.

"We are tremendously interconnected in our economy with that of the United States, but it's not just a one-way relationship", Trudeau said during a visit to Kitchener, Ont.

"There are millions of good that depend on the smooth flow of goods, services and people back and forth across our border", Trudeau said at a news conference.

Earlier in the day, Trudeau denied United States accusations against Ottawa over its alleged harmful softwood lumber trade practices, the prime minister's office said in a press release.

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