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Hamilton Spectator
39 minutes ago
- Hamilton Spectator
Canadian government needs to stand up for lumber workers, says United Steelworkers union
BURNABY, British Columbia, July 28, 2025 (GLOBE NEWSWIRE) — The United Steelworkers union (USW) District 3 and the USW Wood Council are calling on the federal government to take urgent action in response to the latest escalation in the softwood lumber trade dispute. Following the U.S. Department of Commerce's decision to increase anti-dumping duties on Canadian softwood lumber exports to 20.56%, the USW is demanding immediate support for forestry workers and communities across the country. 'This latest increase, along with other threatened tariffs, is yet another blow to workers, communities and the long-term sustainability of our industry,' said Scott Lunny, USW Western Canada Director. 'We represent thousands of loggers and mill workers across British Columbia and Western Canada and our members, and their families, are at risk – governments need to act now.' The combined total of anti-dumping and countervailing duties on Canadian lumber now exceeds 35%. This threat of further tariffs comes after President Donald Trump announced a potential Section 232 'national security' investigation. 'It's a constant attack on our industry and our workforce from the U.S. administration. Our prime minister stood up for the steel sector and says softwood lumber is a priority in trade talks, but what forest workers need now is action, not just words. They need to know Canada has their backs,' said Lunny. In addition to calling for a deal on softwood lumber to be a priority for Canada in trade talks with the U.S., the USW is calling for a comprehensive support package for forest workers, including wage subsidies, loan guarantees for affected businesses and other targeted resources to support provinces, regional and local communities to sustain critical infrastructure and services through this unprecedented uncertainty. The USW warns that the increased tariffs and potential Section 232 tariff implementation, in addition to duties, will cost American consumers and Canadian jobs. 'These duties are unfair and will only drive up housing costs for U.S. consumers, while putting thousands of Canadian jobs at risk,' said Jeff Bromley, USW Wood Council Chair. 'The American market needs Canadian lumber. The U.S. cannot meet its domestic demand, no matter what President Trump says.' The union also pushed back against claims made by the U.S. Softwood Lumber Coalition. 'Canadian producers operate under different conditions. Our harvesting costs are higher, our wages and benefits are better and our lumber is top-quality. This isn't unfair trade. It's a better product from a better system,' said Bromley. USW emphasized that securing a lasting resolution to the softwood lumber dispute must remain a top priority in Canada-U.S. trade negotiations and in the meantime, governments must step in to stabilize the sector. About the United Steelworkers The USW represents 225,000 members in nearly every economic sector across Canada and is the largest private-sector union in North America, with 850,000 members in Canada, the United States and the Caribbean. Each year, thousands of workers choose to join the USW because of the union's strong track record in creating healthier, safer and more respectful workplaces and negotiating better working conditions and fairer compensation – including good wages, benefits and pensions. For more information: Scott Lunny, USW Western Canada Director, slunny@ , 604-329-5308 Jeff Bromley, USW Wood Council Chair, jbromley@ , 250-426-9870 Brett Barden, USW Communications, bbarden@ , 604-445-6956
Yahoo
42 minutes ago
- Yahoo
U.S. and China Extend Tariff Pause Another 90 Days
Ahead of trade talks in Stockholm that are set to begin today, The South China Morning Post reports that, according to sources close to the matter on both sides, the US and China are set to extend their tariff truced by another three months. China and the United States agreed in May to remove most of the heavy tariffs levied on each other's goods for 90 days while continuing trade negotiations. That suspension is set to expire on August 12. SCMP reports that one source said that, during the expected 90-day extension, the two nations will commit to not impose additional tariffs on each other, nor escalate the trade war by other means. People's Daily, the mouthpiece of China's ruling Communist Party, said in an editorial on Sunday that Beijing was willing to work with Washington to make "substantive progress" in resolving issues during the coming trade talks in the Swedish capital. the newspaper said. "It is willing to work with the US to take the economic and trade talks in Sweden as an opportunity to continuously enhance consensus, accumulate mutual trust, reduce misjudgments and strengthen cooperation." While analysts have welcomed the continuation of discussions, most do not expect any sweeping changes to emerge from the negotiations in Stockholm. Niklas Swanstrom, director of the Institute for Security and Development Policy, a think tank based in Stockholm, said ahead of the talks. By More Top Reads From this article on
Bloomberg
an hour ago
- Bloomberg
Gold Holds Drop as US-EU Trade Deal Provides Boost for Dollar
Gold held a decline after the dollar rose the most since May following a tariff deal between the US and the European Union, with investors now focusing on prospects for an extension of a trade truce between Washington and Beijing. Bullion traded near $3,312 an ounce, following a 0.7% decline on Monday. The greenback jumped — putting it on track for its first monthly gain this year — and the euro sank amid renewed fears that 15% duties on European exports may impact global growth. A stronger dollar makes gold more expensive for most buyers.
