Economics of the US - Canada Softwood Lumber Dispute: A Historical Perspective
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This paper reviews the U.S.-Canada softwood lumber dispute over the past two decades by outlining the key developments and critically appraising the arguments put forward by both countries. It also presents a welfare analysis of lumber trade distortions. Given the importance of lumber trade between Canada and the United States, an expeditious resolution of this long-running trade dispute would be beneficial for both countries.