GENEVA ― A World Trade Organization ruling gave a partial victory this week to the U.S. in the softwood lumber dispute, allowing the use of “zeroing” in the calculation of tariffs on Canadian softwood lumber. While the decision found that the U.S. broke trade laws in its calculation of tariffs, it broke with previous rulings which had held the controversial methodology unlawful. Zeroing entails the exclusion of any negative difference between the foreign domestic price of a product and its U.S. import price, which critics say artificially inflates anti-dumping duties. Foreign Affairs Minister Chrystia Freeland expressed concern about this departure from precedent. “This is a practice which in past rulings has often been condemned, and we are now looking at next steps which Canada can take to challenge this, including possibly an appeal,” she said.
WTO reverses course on U.S. softwood tariffs
Most Recent
Most Read
GMS acquires Florida distributor
Fri, August 30th, 2024
Loblaw pilots sitting cashiers
Fri, August 30th, 2024
Don’t miss the incredible speakers at the Hardlines Conference!
Fri, August 30th, 2024
Home Hardware dealer garners NHPA's Young Retailer Award
Thu, August 29th, 2024
GMS posts Q1 results
Thu, August 29th, 2024
NHPA conference presents strategies for weathering bad times
Thu, August 29th, 2024
More Canadians say they’re bagging their own groceries
Thu, August 29th, 2024
RONA Foundation launches campaign
Thu, August 29th, 2024
Throwback Thursday: 10 years ago, Orgill show in Chicago reflected hardlines "turbulence" in Canada
Thu, August 29th, 2024
Tando Composites names Reese Wholesale as flagship dealer
Wed, August 28th, 2024