Thu, 2003/01/30 - 11:04am
U.S. raises softwood stakes
Congress tables legislation that could nearly double duties on Canada's exports
By BARRIE MCKENNA
Thursday, January 30, 2003 – The Globe and Mail, Print Edition, Page B1
WASHINGTON -- The U.S. Congress has dramatically raised the stakes in the cross-border lumber trade feud by introducing legislation that could nearly double the duties on Canadian exports to the United States.
The proposal, which surfaced a day before a key summit of industry officials in Washington, would push the U.S. duties to as high as 45 per cent from 27 per cent on roughly $10-billion worth of Canadian softwood lumber.
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