Nafata is dead ? Managed trade? Un Fair deal

(Softwood Lumber)
Today's NYT reports a settlement of the U.S.-Canada lumber dispute. To say that this dispute has generated a lot of litigation is an understatement.... There are at least two interesting features of the settlement.

First, the U.S. will refund . . . .

Second, if Canadian export prices fall below ...

So, a payoff to the U.S. industry .......and a move to managed trade.


I guess you could say that hard cases make bad economics.