NAFTA panel says U.S. can't show harm from Canadian softwood industry

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A joint NAFTA panel has given the United States three months to rethink its tariffs on imported Canadian softwood lumber but the saga for Canada's troubled softwood companies is far from over.

The five panel members -- including three Canadians and two Americans -- said in a ruling Wednesday they couldn't agree with the U.S. International Trade Commission that there was evidence Canadian imports were causing injury to the U.S. industry. It gave the commission 90 days to reconsider the evidence it used to draw that conclusion.

Among the panel's findings is that the U.S. softwood industry was in the midst of its most profitable period ever, which made it hard to accept the conclusion that Canadian wood was harming it.In April 2017 the U.S. imposed duties averaging about 20 per cent on most Canadian softwood exports, alleging that Canada was both unfairly subsidizing its industry and then dumping wood into the U.S. at unfair prices.

British Columbia, home to the country's largest forestry sector, is hit particularly hard and in some ridings in the interior and northern parts of the province, softwood is on the minds of some voters in the upcoming election. B.C. is also one of the most hotly contested regions, with a number of open seats and many where the races are three- and four-way contests.

The federal government announced an $867-million aid package for softwood producers in May 2017. It included government-backed loans, money for innovation and help for companies to introduce job-sharing agreements. McLeod said the programs are not enough.

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Being as they grow very little!!

What a shock. You mean Trump was just making shit up again!

O CANADA

And international banks, telecom & other monopolized industries being unable to compete in the Canadian market is also unfair. That's life, it's not fair.

🙌🇺🇸🇨🇦🙌

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