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Carney confirms possibility of lumber quotas in trade deal with the United States

CANADA, JUL 16 – Canada considers imposing lumber export quotas to ease escalating U.S. tariffs, aiming to protect jobs and stabilize its forest sector amid a long-standing trade dispute.

  • Prime Minister Mark Carney announced measures to protect Canada’s steel industry, targeting imports from China with higher tariffs and reducing tariff-rate quotas from 100% to 50% of 2024 volumes.
  • Carney indicated that future trade agreements with the United States might include quotas on softwood lumber exports.
  • B.C. Premier David Eby mentioned that discussions on quotas are ongoing to resolve the softwood lumber conflict, which has persisted since 2015.
  • Carney supports Eby's approach to address the softwood lumber dispute in a larger trade agreement.
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Carney confirms possibility of lumber quotas in trade deal with the United States

Mark Carney says any future trade deal with the United States could include “some element of managed trade,” including quotas, on softwood lumber exports.

·Canada
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Bloomberg broke the news in United States on Wednesday, July 16, 2025.
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