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 possible lumber quotas in trade deal with the United States
Prime Minister Mark Carney said any future trade deal with the United States could include quotas on Canadian softwood lumber exports, a sector that has been a sore point in cross-border trade relations long before US President Donald Trump's trade war.
·Canada
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Total News Sources41
Leaning Left16Leaning Right5Center4Last UpdatedBias Distribution64% Left
Bias Distribution
- 64% of the sources lean Left
64% Left
L 64%
C 16%
R 20%
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