Canada to challenge U.S. softwood lumber duties under USMCA rules

1:37 pm Thursday, August 04th, 2022

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.

(Reporting by Ismail Shakil in Ottawa)

15 mins ago

Australia’s ANZ unveils $1.3 billion buyback after half-year earnings meet estimates

23 mins ago

Malaysia central bank to keep rates unchanged at least until 2026 – Reuters poll

59 mins ago

Exclusive-Disney and Comcast seek advisor to resolve Hulu valuation, sources say