New Brunswick hit with softwood tariffs, but rest of region exempt - News Summed Up

New Brunswick hit with softwood tariffs, but rest of region exempt


FREDERICTON — New Brunswick softwood lumber producers, who had been exempt from U.S. tariffs in the past, will now have to pay 20.83 per cent duty, although producers in the rest of Atlantic Canada will be exempt. “We need to have … independent eyes on the softwood lumber issue in dispute here. Softwood lumber contributes more than $1.45 billion to the New Brunswick economy each year and employs more than 22,000 people. The other Atlantic provinces are welcoming news that their softwood producers will be exempt. The United States imported US$5.66 billion worth of softwood lumber last year from Canada.


Source: National Post November 02, 2017 20:26 UTC



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