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.
(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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