Page 2 - Dumping Lumber News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Else. but this trade issue over lumber, as has been pointed out, is not a brand new issue. it's been around for quite a while. >> the meetings, next upcoming meetings of the g-7 is about a month away and the u.s. is in the middle of negotiations or talks with china about how to address north korea. are you comfortable that the north korea calculus has not ham strung your ability to be as direct with china on matters like this? and is the action with canada meant also to signal to our other western economic allies and partners that if they mess with the u.s., they could face something like this...

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

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. >> following up on what jim said though, housing prices do increase due to this, what do you tell the average consumer in the united states if their prices are going up? they didn't bargain for that? >> i don't know what they bargained for. i'm sure what nobody in the united states bargained for is people dumping product. it's no different than steel, aluminum, cars, lumber or anything else. nobody has -- >> anti-dumping, technically that's t...

The relationships betweenhe two companies? >> they're an impornt ally. they're generally a good neighbor. that doesn't mean they have to play by the rules. >> what do you mean, generally a good neighbor? >> well, things like this i don't regard as being a good neighbor, dumping lumber. and there is a feeling in the dairy industry that they're a little bit abrupt in the action that they took the week before. >> the canadian government said those are only fair tariffs and each time the case was brought to an international court. canada won its case. what are you answering to this? >> i had nothi...

They're generally a good neighbor. that doesn't mean they don't have to play by the rules. >> what do you mean by generally a good neighbor? >> well, things like this, i don't regard being a good neighbor. dumping lumber. there's a feeling in the dairy industry that they were abrupt in the action that they took the week before. >> canadian government said those are unfair tariffs. it was brought to an international court. canada won its case. what's your answer to this? >> i mad nothing to do with the prior cases. i'm confidence that this case is a good case. >> tariffs on -- >> the problem wi...