Posted AT 1:12 AM EDT on 07/12/05
U.S. slashes softwood duties
Washington and Vancouver — A routine accounting review has persuaded the United States to do what years of legal challenges and fiery rhetoric could not — dramatically lower the punishing duties on Canadian softwood lumber.
In a decision that will save Canadian lumber companies roughly $600-million a year, the U.S. Commerce Department said yesterday it was nearly halving its 20-per-cent duty.
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