The day after the Trump administration announced a 20% tariff on lumber imports from Canada, Commerce Secretary Wilbur Ross was asked if he was comfortable taking action against “an extremely close ally and neighbor.”“They’re an important ally. They’re generally a good neighbor,” Mr. Ross responded. Dumping lumber, he said, “I don’t regard as being a good neighbor.”Mr. Ross’ response was a useful reminder that allies can...

Source: Wall Street Journal April 26, 2017 19:18 UTC