Dagwolf

In April 2006, The United States and Canada announced that they had reached a tentative settlement to end the current dispute. Under the preliminary terms, the United States would lift duties provided lumber prices continue to stay above a certain range. Below the specified range, a mixed export tax/quota regime would be implemented on imports of Canadian lumber. As a part of the deal, $4 billion of the $5 billion in duty deposits collected would be returned. Of the remaining one billion, half would go to the U.S. lumber industry* while the other half would go toward joint initiatives.
(wikipedia)

According to another article the Canadian government has already paid out about $950 million in anticipation of the payments from the U.S. government.

Good news for my area. :D Sawmill country. I don't know whether to get a job as a lumberjack or open a flannel store.



*This part is not exactly true. The money goes to disaster relief and other worthy causes supporting timber communities in the U.S.

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