U.S. Vows to Cut Duties on Canadian Lumber
From Associated Press
The Commerce Department said it would meet a Nov. 23 deadline to comply with a NAFTA panel’s order that the United States drastically cut its duties on Canadian softwood lumber imports.
The panel, created under the North American Free Trade Agreement, is calling on the Commerce Department to all but eliminate punitive duties that average more than 16%.
Washington, in defending the duties, has pointed to a preliminary World Trade Organization ruling that the U.S. has complied with international law in imposing the tariffs.
