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Morning Update: Trump’s tariffs on Canadian softwood breached global trading rules, says WTO

A World Trade Organization panel has found the United States broke international trade rules with some of its 2017 tariffs on Canadian softwood lumber, which the U.S. set at 20.23 per cent after accusing Canadian federal and provincial governments of subsidizing softwood. However, it is unlikely that the ruling will take affect since the U.S. is blocking the WTO’s dispute-resolution system.

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