WTO largely backs Canada in lumber complaint against U.S. tariffs By Reuters

WTO largely backs Canada in lumber complaint against U.S. tariffs

© Reuters. World Trade Organization (WTO) in Geneva

BRUSSELS (Reuters) – The World Trade Organization largely backed a Canadian complaint on Monday against the United States’ imposition of duties on Canadian softwood lumber exports to counter what it saw as unfair subsidies.

A three-person panel determined that the U.S. duties breached global trading rules because the United States had not shown that many of the prices paid by Canadian firms for timber on government-owned lands were too low.

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.

Source link

Leave a Reply

Your email address will not be published. Required fields are marked *

About us

InvestLab is a financial services technology company focused on the global trading market. Founded in 2010 in Hong Kong, the company develops trading, market data, and social research products that enable individual investors and small to mid-size brokers to access global markets. We provide brokers and financial institutions cross border capabilities for retail investors into 43 markets globally.