Being Stumpage News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Market. it's alomar ket based prices. so the provinces subsidize the cutting down of lumber, this technical term being stumpage. that lets them charge a subsidized low price when the product hits the u.s. border. we have determined preliminarily that those problems, while they vary from one province to another, in some cases are as high as roughly 25%. and on average are around 20%. so they're quite material items. so what we -- the preliminary decision that was put out yesterday imposes those duties on lumber from canada. those duties will be collected starting today and they will be

In the u.s., it is all open market. it's all market face prices. so the provinces subsidize the cutting down of lumber, this technical term being stumpage. then that lets them charge a subsidized low price when the product hits the u.s. border. we have determined preliminarily that those problems, while they vary from one province to another, in some cases are as high as roughly 25%, and on average, are around 20%. so they're quite material items. so what -- the preliminary decision that was put out yesterday imposes those counterveiling duties on soft wood lumber from canada. those duties wil...

At this point, so the trade relations between u.s. and india are governed by the wto rules. there's nothing in the actions we've taken that changes that. >> mr. secretary, following up on what jim said though, if housing prices do increase due to this, what do you tell average consumer in the united states if the prices are going up? they didn't bargain for that. >> well, i don't know what they bargained for, but i'm sure what nobody in the united states bargained for was people dumping product. it's no different whether you dump steel or aluminum or cars or lumber or anything else. nobody has...