Yippee! Okay, we lost - BUT not as badly as we could have lost.
Canada has been ordered to impose an additional $60-million in special export levies on softwood producers in Quebec and Ontario. Trademin van Loan says it could have been oh so much worse. The Yanks were after $2-billion in extra tariffs.
But the surly Gringos aren't done with us yet, not hardly. They're after half a billion bucks claiming that British Columbia is flogging lumber at rock bottom prices in the province's interior. The Americans haven't figured out all that cheap lumber is the result of huge tracts of trees killed by mountain pine beetle infestations.
A Toronto trade lawyer is quoted by CTV as saying, "This is the cost of the deal we reached with the United States." He's referring, of course, to the deal the Harper government made with the US.