The preliminary determination reached by the US Department of Commerce last month to levy countervailing duties on Canadian softwood lumber imports has been met with reports of potential Canadian trade action targeting US industries in response. This latest escalation in a protracted disagreement between the neighbours comes just as Canada, the US, and Mexico gear up to re-open talks on the decades-old North American Free Trade Agreement (NAFTA).
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Agreements: NORTH AMERICAN FREE TRADE AGREEMENT (NAFTA)