Fighting over forests routine for U.S.-Canada
By Jen Skerritt, BloombergBusiness
The U.S. and Canada have for decades fought over the lumber trade. Now Prime Minister Justin Trudeau is about to be initiated into the knotty world of timber relations, specifically regarding glossy magazine paper.
Four Canadian companies — Catalyst Paper Corp., J.D. Irving Ltd., Port Hawkesbury Paper LP, Resolute Forest Products Inc. — say they plan to fight a U.S. decision in July to impose import tariffs of as much as 20 percent on specialty paper, which is also used in newspaper inserts.
The dispute comes amid a rise in the number of trade cases launched by U.S. manufacturers on everything from steel to paper as the greenback has surged. Countries hit with duties include Australia, Portugal and Indonesia.
