{"id":47698,"date":"2025-08-05T19:24:18","date_gmt":"2025-08-05T19:24:18","guid":{"rendered":"https:\/\/www.newsbeep.com\/ca\/47698\/"},"modified":"2025-08-05T19:24:18","modified_gmt":"2025-08-05T19:24:18","slug":"canada-to-give-lumber-industry-up-to-c1-2-billion-in-aid-to-cope-with-us-duties","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/ca\/47698\/","title":{"rendered":"Canada to give lumber industry up to C$1.2 billion in aid to cope with US duties"},"content":{"rendered":"\n<p class=\"yf-1090901\">OTTAWA (Reuters) &#8211; Canada will provide up to C$1.2 billion ($870 million) to help softwood lumber producers deal with U.S. countervailing and anti-dumping duties, Prime Minister Mark Carney said on Tuesday.<\/p>\n<p class=\"yf-1090901\">Carney, speaking to reporters in the Pacific province of British Columbia, said Ottawa would make up to C$700 million available in loan guarantees and also provide C$500 million to help speed product development and market diversification.<\/p>\n<p class=\"yf-1090901\">The United States, which has for decades accused Canada of dumping lumber on the domestic market, imposes both anti-dumping and countervailing duties on imports of timber used in house construction. Canada denies it is dumping wood.<\/p>\n<p class=\"yf-1090901\">The dispute is an irritant in broader talks between the United States and Canada on a new economic and defense relationship. U.S. President Donald Trump hiked tariffs on some Canadian imports to 35% last week after negotiators failed to meet an August 1 deadline.<\/p>\n<p class=\"yf-1090901\">Last month the U.S. Commerce Department said it was almost tripling anti-dumping duties on most Canadian softwood to 20.56%. Canadian officials say they expect that when these are added to higher countervailing charges due to be announced shortly, total duties will rise to 34.5% from 14.5%.<\/p>\n<p class=\"yf-1090901\">($1 = 1.3776 Canadian dollars)<\/p>\n<p class=\"yf-1090901\">(Reporting by David Ljunggren and Promit Mukherjee; Editing by Sandra Maler)<\/p>\n","protected":false},"excerpt":{"rendered":"OTTAWA (Reuters) &#8211; Canada will provide up to C$1.2 billion ($870 million) to help softwood lumber producers deal&hellip;\n","protected":false},"author":2,"featured_media":47699,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[33029,49,48,21404,33030,2659,44,2664],"class_list":{"0":"post-47698","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-canada","8":"tag-anti-dumping-duties","9":"tag-ca","10":"tag-canada","11":"tag-countervailing-duties","12":"tag-loan-guarantees","13":"tag-mark-carney","14":"tag-news","15":"tag-softwood-lumber"},"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/posts\/47698","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/comments?post=47698"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/posts\/47698\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/media\/47699"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/media?parent=47698"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/categories?post=47698"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/tags?post=47698"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}