…but the lingering dispute threatens to chill global economic growth.
CIBC suggests average US duties would drop from about US$67 per thousand board feet to $30 based on current pricing levels.
Canadians were told USMCA was the best deal possible, but US Democrats made subsequent revisions.
Tax applies to the digital business of companies that have global revenues of over 750 million euros
Critics warn the deal with China leaves unresolved most of the toughest and most complicated issues dividing the world’s two biggest economies.
Globally, only 29% have confidence in the US president to do the right thing with respect to world affairs.
Washington also agreed to postpone a planned tariff hike on US$160 billion of Chinese goods
China will buy American farm products but won’t commit to a specific dollar amount.
Retaliation on France’s tax on American tech giants such as Google, Amazon and Facebook.
Beijing said US negotiators agreed to roll back September penalties on $112 billion of imports, Trump dismissed claim.
Trump’s pushback suggested that negotiations haven’t progressed as far as hoped.
Negotiators agreed to a “phased cancellation” of tariff hikes if talks progress.
Raised costs for steel users and has done little to blunt China’s dominance of global steel production.
Price hikes may be on the way for consumers as company offsets rising costs.
Trump delayed a tariff due to take effect Tuesday on US$250 billion of Chinese goods but another increase on $160 billion of imports still is scheduled for Dec. 15.