Canada's small, medium lumber producers to feel US retribution the most

Canada's small, medium lumber producers to feel US retribution the most”

USA homebuilders quickly warned that the move would drive up the cost of new houses. That means more demand for dairy products made with butterfat but less for skim milk, which is a necessary byproduct. "One of the companies we have spoken to says as early as Monday they will be looking at what they need to do". It's quite the contrary.

Canada is the No. 1 consumer of USA exports, Freeland said.

That changed about a year ago, when Canadian dairy farmers persuaded regulators to create a new lower-priced class of industrial milk as an incentive to get dairies to produce protein substances in Canada, using Canadian milk.

But the US needs imports from somewhere, because it can't fulfill the needs of the market on its own.

"We will work constructively together" to try to find solutions to these trade disputes, Trudeau said, while downplaying Trump's strong rhetoric.

Canadian lumber producers, however, don't share the same timeline and will feel an impact immediately, but since many US homebuilders lock in lumber prices months in advance, they will only have to reckon with higher prices when these forward contracts expire, according to a report from Moody's Investors Service. Canadian dairy farmers complained about the cheap imports coming across the border.

Trudeau is imposing a national carbon price on Canadians, meaning higher taxes and prices on nearly all goods and services, and has already reneged on his election promise to reduce the small business tax rate. "These subsidies represent about 40 per cent of USA dairy farmer incomes".

Dating back to the 1980s, there have been three previous countervailing duty cases on this issue, and in each case in which it was taken to a final decision, it was ultimately determined that the Canadian government did not provide unfair subsidies to its lumber industry.

"We've got an appetite for [mergers and acquisitions]", Canfor CEO Don Kayne said on a conference call Thursday to discuss the company's slightly better-than-expected first quarter results.

While some tout the so-called "opportunities" Canadian producers are missing out on in the global market, the producers in that market are as often as not selling at below their costs of production.

Canada's supply management system is controversial and riddled with issues, but it is in full compliance with trade rules. "We have some seasoned negotiators but we have a different administration in the USA, so we just don't know when this will be resolved".

That would hurt Canada. Discussions on renegotiating NAFTA would begin only after that, Freeland said. We'll have to see if Ottawa responds with actions in addition to words.

Canada ships bulk and intermediate commodities to the USA and buys back the consumer-ready products.

Granger MacDonald is the chairman of the National Association of Home Builders.

Trump relishes a trade war because he appears to suffer from economic illiteracy.

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