Latest news with #KurtNiquidet
Global News
a day ago
- Business
- Global News
Latest U.S. move pushes duties on Canadian softwood lumber over 35%
The U.S. Department of Commerce says it has made a final decision to more than double countervailing duties on Canadian softwood lumber imports, a move business groups in British Columbia say will harm communities on both sides of the border. A statement from the American department says the duty for most Canadian companies is being increased to 14.63 per cent, up from 6.74 per cent, after it determined softwood lumber from Canada was being unfairly subsidized. The increase is on top of a recent jump in anti-dumping duties to 20.56 per cent, bring the total duty level for Canadian softwood to 35.19 per cent. The department says it will now instruct U.S. Customs and Border Protection to begin collecting the money. Kurt Niquidet, president of the BC Lumber Trade Council, says in a statement that the decision places unnecessary strain on forestry-dependent regions in Canada while driving up construction costs for American builders. Story continues below advertisement 4:32 Canada's softwood lumber industry gets federal help to deal with U.S. anti-dumping duties The council says both the Canadian and U.S. governments need to make resolving the long-standing softwood lumber dispute a top economic priority. Get daily National news Get the day's top news, political, economic, and current affairs headlines, delivered to your inbox once a day. Sign up for daily National newsletter Sign Up By providing your email address, you have read and agree to Global News' Terms and Conditions and Privacy Policy 'In the absence of a negotiated settlement, BCLTC will continue working closely with the Government of Canada and industry partners to defend Canadian interests through all available legal channels, including proceedings under the United States-Mexico-Canada Agreement,' the statement says. The BC Council of Forest Industries says the provincial government needs to take action including streamlining permitting processes, activating provincial timber sales and removing cross-ministry bottlenecks. 'With the right policy tools, B.C. can send a strong message that it is committed to creating a climate where primary and secondary forest manufacturers want to invest, ensuring a steady supply of wood products for B.C., Canada, and beyond,' president Kim Haakstad said in a statement. Story continues below advertisement Prime Minister Mark Carney was in B.C. this week promising $700 million in loan guarantees for the industry and $500 million for long-term supports to help companies diversify export markets and develop their products. This report by The Canadian Press was first published Aug. 8, 2025
Vancouver Sun
a day ago
- Business
- Vancouver Sun
U.S. in final decision to hike Canadian softwood duties, tells officers to collect
The U.S. Department of Commerce says it has made a final decision to more than double countervailing duties on Canadian softwood lumber imports, a move business groups in British Columbia say will harm communities on both sides of the border. A statement from the American department says the duty for most Canadian companies is being increased to 14.63 per cent, up from 6.74 per cent, after it determined softwood lumber from Canada was being unfairly subsidized. The increase is on top of a recent jump in anti-dumping duties to 20.56 per cent, bring the total duty level for Canadian softwood to 35.19 per cent. Stay on top of the latest real estate news and home design trends. By signing up you consent to receive the above newsletter from Postmedia Network Inc. A welcome email is on its way. If you don't see it, please check your junk folder. The next issue of Westcoast Homes will soon be in your inbox. Please try again Interested in more newsletters? Browse here. The department says it will now instruct U.S. Customs and Border Protection to begin collecting the money. Kurt Niquidet, president of the B.C. Lumber Trade Council, says in a statement that the decision places unnecessary strain on forestry-dependent regions in Canada while driving up construction costs for American builders. The council says both the Canadian and U.S. governments need to make resolving the long-standing softwood lumber dispute a top economic priority. 'In the absence of a negotiated settlement, BCLTC will continue working closely with the Government of Canada and industry partners to defend Canadian interests through all available legal channels, including proceedings under the United States-Mexico-Canada Agreement,' the statement says. The B.C. Council of Forest Industries says the provincial government needs to take action including streamlining permitting processes, activating provincial timber sales and removing cross-ministry bottlenecks. 'With the right policy tools, B.C. can send a strong message that it is committed to creating a climate where primary and secondary forest manufacturers want to invest, ensuring a steady supply of wood products for B.C., Canada, and beyond,' president Kim Haakstad said in a statement. Prime Minister Mark Carney was in B.C. this week promising $700 million in loan guarantees for the industry and $500 million for long-term supports to help companies diversify export markets and develop their products.
Vancouver Sun
a day ago
- Business
- Vancouver Sun
U.S. more than doubles Canadian softwood duties, starting immediately
The U.S. Department of Commerce says it has made a final decision to more than double countervailing duties on Canadian softwood lumber imports, a move business groups in British Columbia say will harm communities on both sides of the border. A statement from the American department says the duty for most Canadian companies is being increased to 14.63 per cent, up from 6.74 per cent, after it determined softwood lumber from Canada was being unfairly subsidized. The increase is on top of a recent jump in anti-dumping duties to 20.56 per cent, bring the total duty level for Canadian softwood to 35.19 per cent. Start your day with a roundup of B.C.-focused news and opinion. By signing up you consent to receive the above newsletter from Postmedia Network Inc. A welcome email is on its way. If you don't see it, please check your junk folder. The next issue of Sunrise will soon be in your inbox. Please try again Interested in more newsletters? Browse here. The department says it will now instruct U.S. Customs and Border Protection to begin collecting the money. Kurt Niquidet, president of the BC Lumber Trade Council, says in a statement that the decision places unnecessary strain on forestry-dependent regions in Canada while driving up construction costs for American builders. The council says both the Canadian and U.S. governments need to make resolving the long-standing softwood lumber dispute a top economic priority. 'In the absence of a negotiated settlement, BCLTC will continue working closely with the Government of Canada and industry partners to defend Canadian interests through all available legal channels, including proceedings under the United States-Mexico-Canada Agreement,' the statement says. The BC Council of Forest Industries says the provincial government needs to take action including streamlining permitting processes, activating provincial timber sales and removing cross-ministry bottlenecks. 'With the right policy tools, B.C. can send a strong message that it is committed to creating a climate where primary and secondary forest manufacturers want to invest, ensuring a steady supply of wood products for B.C., Canada, and beyond,' president Kim Haakstad said in a statement. Prime Minister Mark Carney was in B.C. this week promising $700 million in loan guarantees for the industry and $500 million for long-term supports to help companies diversify export markets and develop their products. Our website is the place for the latest breaking news, exclusive scoops, longreads and provocative commentary. Please bookmark and sign up for our daily newsletter, Posted, here .
National Post
a day ago
- Business
- National Post
U.S. more than doubles Canadian softwood duties, starting immediately
The U.S. Department of Commerce says it has made a final decision to more than double countervailing duties on Canadian softwood lumber imports, a move business groups in British Columbia say will harm communities on both sides of the border. Article content A statement from the American department says the duty for most Canadian companies is being increased to 14.63 per cent, up from 6.74 per cent, after it determined softwood lumber from Canada was being unfairly subsidized. Article content Article content The increase is on top of a recent jump in anti-dumping duties to 20.56 per cent, bring the total duty level for Canadian softwood to 35.19 per cent. Article content Kurt Niquidet, president of the BC Lumber Trade Council, says in a statement that the decision places unnecessary strain on forestry-dependent regions in Canada while driving up construction costs for American builders. Article content The council says both the Canadian and U.S. governments need to make resolving the long-standing softwood lumber dispute a top economic priority. Article content 'In the absence of a negotiated settlement, BCLTC will continue working closely with the Government of Canada and industry partners to defend Canadian interests through all available legal channels, including proceedings under the United States-Mexico-Canada Agreement,' the statement says. Article content The BC Council of Forest Industries says the provincial government needs to take action including streamlining permitting processes, activating provincial timber sales and removing cross-ministry bottlenecks. Article content 'With the right policy tools, B.C. can send a strong message that it is committed to creating a climate where primary and secondary forest manufacturers want to invest, ensuring a steady supply of wood products for B.C., Canada, and beyond,' president Kim Haakstad said in a statement. Article content Article content
Yahoo
a day ago
- Business
- Yahoo
U.S. in final decision to hike Canadian softwood duties, tells officers to collect
The U.S. Department of Commerce says it has made a final decision to more than double countervailing duties on Canadian softwood lumber imports, a move business groups in British Columbia say will harm communities on both sides of the border. A statement from the American department says the duty for most Canadian companies is being increased to 14.63 per cent, up from 6.74 per cent, after it determined softwood lumber from Canada was being unfairly subsidized. The increase is on top of a recent jump in anti-dumping duties to 20.56 per cent, bring the total duty level for Canadian softwood to 35.19 per cent. The department says it will now instruct U.S. Customs and Border Protection to begin collecting the money. Kurt Niquidet, president of the BC Lumber Trade Council, says in a statement that the decision places unnecessary strain on forestry-dependent regions in Canada while driving up construction costs for American builders. The council says both the Canadian and U.S. governments need to make resolving the long-standing softwood lumber dispute a top economic priority. "In the absence of a negotiated settlement, BCLTC will continue working closely with the Government of Canada and industry partners to defend Canadian interests through all available legal channels, including proceedings under the United States-Mexico-Canada Agreement," the statement says. The BC Council of Forest Industries says the provincial government needs to take action including streamlining permitting processes, activating provincial timber sales and removing cross-ministry bottlenecks. 'With the right policy tools, B.C. can send a strong message that it is committed to creating a climate where primary and secondary forest manufacturers want to invest, ensuring a steady supply of wood products for B.C., Canada, and beyond,' president Kim Haakstad said in a statement. Prime Minister Mark Carney was in B.C. this week promising $700 million in loan guarantees for the industry and $500 million for long-term supports to help companies diversify export markets and develop their products. This report by The Canadian Press was first published Aug. 8, 2025 Ashley Joannou, The Canadian Press
