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flag Canada drops two U.S. softwood lumber appeals, opting for negotiations amid ongoing trade tensions.

flag Canada has dropped two legal appeals challenging U.S. anti-dumping duties on softwood lumber, shifting focus to long-term negotiations with the United States. flag The move, made after consultations with industry and provincial partners, comes amid ongoing trade tensions, including U.S. proposals to nearly triple duties to over 20 percent. flag While Canada still contests the fairness of the duties and continues six other legal challenges, it has also lifted counter-tariffs on most U.S. goods and announced a $1.2 billion aid package for the lumber sector, including loan guarantees and funding for market diversification. flag The decision reflects a strategic pivot toward diplomacy over litigation, despite continued tariffs on steel, aluminum, autos, and lumber under the Canada-U.S.-Mexico Agreement.

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