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Article: U.S. SETS NEW DUTIES ON CANADIAN LUMBER.(Business)
- Article from:
- Seattle Post-Intelligencer
- Article date:
- March 23, 2002
CopyrightCOPYRIGHT 2002 Seattle Post-Intelligencer. All rights reserved. Reproduced with the permission of the Dialog Corporation by Gale Group. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Byline: P-I STAFF AND NEWS SERVICES
The U.S. government issued duties yesterday averaging 29 percent on Canadian softwood lumber to protect American jobs and retaliate for what it says are unfair trade practices.
Critics say the move could add $1,500 to the price of a new U.S. home and devastate the Canadian lumber industry, which already has suffered mill closings and job losses from U.S. tariffs imposed last year.
The Commerce Department determined in its investigation that Canada subsidizes its industry by charging low fees to log public lands and allows its producers to sell their lumber in the United States at below-market prices, an ...