"Canada does not dump lumber" into US: Carney defends industry while announcing plan amid trade war

Описание: Canadian Prime Minister Mark Carney announced new measures to support the softwood lumber industry across Canada amid its trade war with the United States. Carney made the announcement at a wood processing plant in Kelowna, B.C. on Tuesday.

"Canada does not dump lumber into the United States," the PM said sternly.

Carney added that "Canada will continue to make the case that these current and proposed duties are unjustified. Canada is a vital supplier to our southern neighbour. We represent around a quarter of the U.S. market and we help keep down costs of American homes while improving their quality."

The Canadian government will provide up to $700 million in loan guarantees to companies that need cash to deal with the immediate pressures of the trade war, he said.

Ottawa will also provide $500 million, largely in grants and contributions, to “make the softwood lumber industry more competitive for the long-term.” He added that Canada will also prioritize the use of Canadian lumber in major projects.

Carney's announcement comes days after U.S. President Donald Trump implemented 35 per cent tariffs on Canadian goods outside of the Canada-United States-Mexico Agreement (CUSMA).

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