The World - News from Feb. 19, 1987
Canada plans to drop retaliatory tariffs imposed last June on U.S. books, computer parts and Christmas trees, Finance Minister Michael Wilson announced as he delivered the proposed 1987-88 budget to Parliament. The $92-billion budget, with an expected $22-billion deficit, is assured of parliamentary approval. The tariffs were Canada’s response to the imposition of a 35% U.S. duty on Canadian cedar shakes and shingles. Wilson said that Canada had held its market share of the shake and shingle market in the United States despite tariff-inflated prices.
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