Softwood lumber the dispute that will never end

Canada is appealing the WTO last week that sided with the U.S over what they claim are unfair duties on Canadian lumber exports.

Canada will appeal last week’s decision by a World Trade Organization (WTO) panel to allow the United States to use “zeroing” to calculate lumber anti-dumping tariffs, Foreign Minister Chrystia Freeland said on Monday.

“We firmly believe that the U.S. duties on Canadian softwood lumber are unfair and unwarranted,” Freeland said in a statement. “That is why we are challenging these duties at the WTO and under NAFTA.”

Note Canada could still appeal the WTO ruling under Trump new NAFTA agreement but that isn’t law yet.

The LAST thing our recovering housing industry needs is a big hike in lumber prices. Practically our entire economy is tied in some measure to the housing industry.