Thursday, January 24, 2002

Keep an eye on this topic- The US has slapped a 19.3% tariff on Canadian softwood lumber imports, claiming that the lower royalties Canadian firms pay to harvest lumber on provincial lands amount to an export subsidy. This has done a number on the Western Canadian timber industry and has Canadian pols steaming. It's going to U.S. court and to the WTO. The export subsidy claim is rather iffy and may not stand up in court.

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