US, Canada ink deal to end timber row
Afp, White House
The US and Canadian trade chiefs on Saturday inked a deal ending a longstanding $4.5 billion trade row over softwood lumber tariffs. US Trade Representative Susan Schwab and her Canadian counterpart David Emerson initialed an agreement following two months of talks in the wake of an interim accord in April. The deal ends a two-decade dispute over Washington's anti-dumping duties, which were imposed on Canadian lumber after US authorities ruled that its northern neighbour was offloading the wood cheaply on the US market.
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