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Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?

To: Joe NYC who wrote (135266)	3/30/2001 9:22:02 PM
From: stribe30	Respond to of 1580595

Josef said: The article said that the duty is about to expire. If it is not being automatically renewed, doesn't it help Canadian exporters, who no longer have to pay the duty? The duty expires alright... but you've misunderstood things...that is a voluntary duty that Canada agreed to have impose on itself the last time this fracas came up in order to avoid a trade war - even though an international tribunal ruled we did not subsidize illegally our lumber.. When that duty expires, "free" trade supposedly kicks in.. as Canada has no intention this time of renewing it.. (why should we when we havent done anything wrong?) but.. the US lumber industry on the day of that expiry will ask the US government to slap a punitive 40% duty on lumber.. and this is BEFORE they take it to the WTO.. the US has given every indication it will do exactly that... however.. Canada expects to win that case.. as we have 3 times prior.... this would setup a result where we could not only get the duties removed but sue for compensation for lost sales and lost revenue from the imposition of that illegal penalty. So.. Bush hasnt got anything to do with the duty expiring.. if he wants to do something.. he can resist the protectionist calls to put a duty on us that will probably start a trade war and end up being found illegal anyhow..