Lumber, Nafta and Mexico Signal Long Canada-U.S. Trade Spat
- Next U.S. duties due in June; finalization expected by January
- No ‘easy fix’ with litigation likely in softwood dispute
Ross Says U.S. Would Welcome New Canadian Lumber Proposal
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A long road remains after Donald Trump fired the starting pistol in yet another softwood lumber fight, one of several trade disputes the U.S. and Canada are set to spend years sorting out.
The U.S. president announced countervailing duties of up to 24 percent on softwood lumber from Canada on Monday, drawing rebuke and a threat of legal action from the northern neighbor. While it could have been worse -- Canadian lumber shares surged Tuesday after some analysts expected higher duties -- it won’t be quick. The last softwood spat ran from 2001 to 2006.