Dollar rise may hit lumber hard The White House and the U.S. lumber industry have come up with a new plan to help settle the long-running softwood lumber dispute just days before an expected World Trade Organization decision on the case.
The WTO is set to issue a preliminary ruling next week on the merits of the countervailing portion of the 27-per-cent U.S. duties.
The new U.S. proposal calls for a Canadian export tax on lumber that would rise and fall with Canada's share of the $30-billion (U.S.) market.