Though President Trump is unlikely to ding ObamaCare before the 100-day mark this Saturday, he and GOP lawmakers have been able to chip away at Barack Obama’s legacy in other ways — by making unprecedented use of an obscure rule-killing law.
As President Donald Trump reaches his 100th day in the White House on April 29, he will have worked with Congress to rescind more regulations using the Congressional Review Act than any other president.
The Trump administration will slap new tariffs on softwood lumber entering the U.S. from Canada, a move sure to inflame a long-running trade dispute between the two countries.
Trump also accused Canada of cutting off dairy products being exported from the United States. He may be targeting lumber because U.S. lumber companies allege Canadian lumber imports are unfairly subsidized, which Canada denies, The Hill reports.
If the estimates from the Commerce Department are accurate, Canada is currently subsidizing the sales of more than a half dozen different Canadian lumber companies at rates of anywhere from 12 to 24 percent. As soon as they start doing that, their companies are able to begin selling their products at rates which are significantly below the break even, profitability point without suffering the consequences of doing so which would afflict any company attempting it in a true free market scenario. That means they can undercut American lumber companies, costing us business and jobs.