Softwood lumber - AGAIN!

[bush_cheney2004]

Looks like Canada has finally figured things out for other lumber markets.....China.

China surpassed Canada as the USA's #1 trading partner last year. 

http://www.cbc.ca/news/politics/canada-china-softwood-market-1.4085269

I wonder what took so long ?

[Omni]

3 hours ago, bush_cheney2004 said:

Looks like Canada has finally figured things out for other lumber markets.....China.

China surpassed Canada as the USA's #1 trading partner last year. 

http://www.cbc.ca/news/politics/canada-china-softwood-market-1.4085269

I wonder what took so long ?

Naw we figured that out a long time ago. But hey, the price of your wall just went up considerably and we all know Mexico ain't paying for it regardless of what Senior Trump says,  so get get your wallet out buddy.This is so funny. 

[GostHacked]

Apparently this is the 5th time the US is trying this bit.  Each time before the WTO ruled in favour of Canada.  Suck it.

[Goddess]

http://money.cnn.com/2017/04/25/news/economy/mexico-us-wto-tuna/index.html

 

Quote

 

The U.S. just lost a trade battle with Mexico. It's the first loss of the Trump era.

Mexico and the U.S. have fought for years over tuna. The U.S. insists that any Mexican tuna sold in the U.S. must be "dolphin safe," meaning dolphins weren't killed by tuna fisherman, which was once common. Mexico says its fisherman play by the rules. The U.S. government disagrees.

 

On Tuesday, the World Trade Organization ruled in Mexico's favor, allowing it to impose trade sanctions worth $163 million a year against the U.S. The WTO says that's how much money Mexico has lost from the U.S. unfairly penalizing Mexican tuna.

 

Quote

 

Trump's administration took its first steps to crack down on trade with Canada on Monday night when the Commerce Department announced a 20% tariff against Canadian softwood lumber. A war of words between Canadian and American leaders has followed.

Trump's decision to go after Canada first with tariffs was particularly surprising given his harsh criticism of Mexico on the campaign trail. Now Trump has upset Canada and suffered a trade defeat from Mexico.

 

Maybe the WTO will rule in our favour over the lumber, too?

Edited April 26, 2017 by Goddess

[Wilber]

1 hour ago, Goddess said:

http://money.cnn.com/2017/04/25/news/economy/mexico-us-wto-tuna/index.html

 

Maybe the WTO will rule in our favour over the lumber, too?

Always has.

[Wilber]

14 hours ago, bush_cheney2004 said:

 

Same difference if stumpage fees and subsidies are applied.   

It's a game that Canada can play too.   Nothing special about BC lumber in that regard.

Stumpage is what government charges for logging on government land. There are no subsidies

So if the US government lowered corporate taxes to zero, Canada could claim that was both a subsidy and dumping and therefore level tariffs on US products. 

[bush_cheney2004]

1 minute ago, Wilber said:

Stumpage is what government charges for logging on government land. There are no subsidies

So if the US government lowered corporate taxes to zero, Canada could claim that was both a subsidy and dumping and therefore level tariffs on US products. 

 

Correct...it is just a game to be played.

Canada can eat all those excess logs, or cut another deal that will expire in x years.   It was Canada that wanted lumber (and dairy) outside of NAFTA.

Rinse and repeat.

[Wilber]

Just now, bush_cheney2004 said:

 

Correct...it is just a game to be played.

Canada can eat all those excess logs, or cut another deal that will expire in x years.   It was Canada that wanted lumber (and dairy) outside of NAFTA.

Rinse and repeat.

Actually, I still think keeping it out of NAFTA was a good idea.

[bush_cheney2004]

1 minute ago, Wilber said:

Actually, I still think keeping it out of NAFTA was a good idea.

 

Maybe....BC softwood lumber production started to nosedive in 2006 and has never fully recovered:

 

 

[Argus]

16 hours ago, DogOnPorch said:

...those houses made of wood, that is.

Isn't that pretty much all houses?

[DogOnPorch]

45 minutes ago, Argus said:

Isn't that pretty much all houses?

Brick...cinder block...stone...tin...aluminum...etc...are not wood.

[Omni]

So Mexico wins on tunas as we'll eventually win (again) on 2x4's.

[SpankyMcFarland]

8 minutes ago, DogOnPorch said:

Brick...cinder block...stone...tin...aluminum...etc...are not wood.

How many houses in the US are made primarily of tin or aluminum? 

Blocks are very common in Europe.

 

[Wilber]

15 hours ago, bush_cheney2004 said:

Looks like Canada has finally figured things out for other lumber markets.....China.

China surpassed Canada as the USA's #1 trading partner last year. 

http://www.cbc.ca/news/politics/canada-china-softwood-market-1.4085269

I wonder what took so long ?

How's that trade surplus with China working out for ya?

[bush_cheney2004]

5 minutes ago, Wilber said:

How's that trade surplus with China working out for ya?

 

Very well thank you....the U.S. can run deficits with impunity.  

Accordingly, the U.S. attracts far more capital inflow than does Canada.

http://carnegieendowment.org/2017/03/21/america-s-trade-deficit-with-china-doesn-t-matter-pub-68365

Edited April 26, 2017 by bush_cheney2004

[DogOnPorch]

1 hour ago, SpankyMcFarland said:

How many houses in the US are made primarily of tin or aluminum? 

Blocks are very common in Europe.

 

Doesn't matter.

 

[Wilber]

30 minutes ago, bush_cheney2004 said:

 

Very well thank you....the U.S. can run deficits with impunity.  

Accordingly, the U.S. attracts far more capital inflow than does Canada.

http://carnegieendowment.org/2017/03/21/america-s-trade-deficit-with-china-doesn-t-matter-pub-68365

Yes, it seems America's biggest industry now is printing money.

[bush_cheney2004]

1 minute ago, Wilber said:

Yes, it seems America's biggest industry now is printing money.

 

That's right...because we can.    The CanAm trade relationship is not equal, and never has been.

Even Justin Trudeau isn't stupid enough to think otherwise.

[Omni]

15 minutes ago, bush_cheney2004 said:

 

That's right...because we can.    The CanAm trade relationship is not equal, and never has been.

Even Justin Trudeau isn't stupid enough to think otherwise.

With Trump's new plan you better start printing even more. 

[Topaz]

The US better keep China happy,they own billions of US $$$, they could make the US $ worthless if they wanted to. BTW, Trump signed to withdraw from NAFTA today.

[bush_cheney2004]

Just now, Topaz said:

The US better keep China happy,they own billions of US $$$, they could make the US $ worthless if they wanted to. BTW, Trump signed to withdraw from NAFTA today.

 

The U.S. can do far more damage to Canada...better keep us happy !

[Topaz]

1 minute ago, bush_cheney2004 said:

 

The U.S. can do far more damage to Canada...better keep us happy !

The world knows the damages the US does in the world and as the new said tonight the Americans need to be educated on the two countries trade.  Most of the lumber that builds your homes are from Canada, so u better learn how to make mud huts!

[bush_cheney2004]

Just now, Topaz said:

The world knows the damages the US does in the world and as the new said tonight the Americans need to be educated on the two countries trade.  Most of the lumber that builds your homes are from Canada, so u better learn how to make mud huts!

 

Not true...Canada's lumber dumping in the U.S. only has about 31% of the market.

http://www.cnbc.com/2017/04/24/us-to-impose-20-pct-duties-on-canadian-softwood-lumber-ross.html

Canada cannot win a trade war with the United States, but it would be fun watching Canada try !!

 

[Omni]

As Stephan Colbert accurately pointed out last night, this would be the first time anybody rejected Justin Trudeau's "wood"

[Omni]

The average American will see the costs of building a house head north and Wilbur Ross and Cynthia Freeland will hammer out a deal while Trump is flailing away at Mara Laga.