Commodities and Futures News
Canada to challenge U.S. softwood lumber duties under USMCA rules
2022.08.04 20:45
FILE PHOTO: Canada’s International Trade Minister Mary Ng speaks during Question Period in the House of Commons on Parliament Hill in Ottawa, Ontario, Canada November 29, 2021. REUTERS/Blair Gable/File Photo
OTTAWA (Reuters) – Canada said on Thursday it would launch a trade challenge against the United States over what it called the “unfair” duties Washington is imposing on certain softwood lumber products.
Canadian Trade Minister May Ng said in a statement she was disappointed about the duties and would launch a dispute settlement process under the Canada-United States-Mexico Agreement. Canada and the United States have sparred for decades over lumber exports.