Friday, June 23, 2006

Obscure Trade Settlement Could Create $480 Million Slush Fund for White House

It's all about the softwood:

For years, the United States has been in contentious litigation with Canada over tariffs imposed on Canadian lumber imports. Canada maintained that tariffs imposed on lumber imports to the United States violated the rules of NAFTA and the WTO. Pending the resolution of the litigation, the Department of the Treasury held these tariffs in an account which
now contains five billion dollars.


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