Canada Lumber Aid Inflames US Subsidy Claims, Industry Says (1)

The US lumber industry says new financial support pledged by Canada to domestic forestry companies risks deepening the neighbors’ long-running trade dispute, and may result in yet more import taxes.

Last week Prime Minister Mark Carney promised as much as C$1.2 billion ($870 million) in loan guarantees, grants and contributions for Canadian sawmills to pursue product development and market diversification — in response to what he said were unjustified US import taxes.

Three days later, US Department of Commerce separately confirmed it would more than double combined anti-dumping and countervailing duties on Canadian softwood lumber to 35.19%, aimed at counteracting ...