Canada Whacks the U.S. with a $1.3 Billion Lumber Subsidy
Less than a week after the U.S. surrendered to a NAFTA tribunal's order to eliminate U.S. duties on Canadian lumber, Canada brazenly announced yesterday that it would add a $1.28 billion subsidy to existing supports for the Canadian lumber industry. In other words, just as the U.S. dropped its duties in a good faith gesture, Canada has decided to whack...