Canada will appeal last week's decision by a World Trade Organization (WTO)...
OTTAWA - Canada will appeal last week’s decision by a World Trade Organization panel to allow the United States to use “zeroing” to calculate lumber anti-dumping tariffs, Foreign Minister Chrystia Freeland said on Monday.
“We firmly believe that the U.S. duties on Canadian softwood lumber are unfair and unwarranted,” Freeland said in a statement. “That is why we are challenging these duties at the WTO and under NAFTA.” Trade tensions between the United States and Canada are heating up again after the two countries together with Mexico agreed on a free-trade deal to replace NAFTA last year.
Zeroing calculates tariffs based on whether the domestic price of a product exceeds its U.S. import price after it is adjusted for transportation and handling costs.
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