Although the United States has reduced the tariffs levied on Canadian lumber due to the WTO's rule, Canadian lumber companies still face relatively high tariffs. Recently, Canadian timber and plywood giant Weston Forest announced that the company has been acquired by the US company Watermill Group. Weston Forest, established in 1953, is currently an important raw material supplier in the industrial and construction industries, and its main markets are Canada and the United States. Steve Rhone, chairman of Weston Forest, said: "For us, this is a historic event. I believe that ...
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