Pursuits
Trade War Over Trees Looms as Canada, U.S. Remain at Impasse
- Actions against Canada may come as soon as next week
- U.S. lumber duties would impact Canfor, West Fraser Timber
Trade War Over Trees Looms as Canada, U.S. at Impasse
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Canada and the U.S. are gearing up for another fight over trees.
U.S. Trade Representative Michael Froman will meet Canadian Trade Minister Chrystia Freeland and Canadian industry groups in Toronto Wednesday in an attempt to end gridlock in a softwood lumber dispute that has been simmering for decades. The U.S. could seek tariffs that top 30 percent against Canadian producers such as West Fraser Timber Co. as early as next week. The duties could prompt Canadian companies to curtail output or shut down mills.