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U.S. Industry Rejects Canadian Proposal on Lumber Market Share

  • Capping Canadian share of U.S. market makes sense, Froman says
  • U.S. industry, Canada downplay talk of imminent softwood deal
Bloomberg business news

Why Canada and the U.S. Must Solve the Lumber Dispute

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The U.S. lumber industry says it won’t accept the latest Canadian government proposal for a deal on softwood lumber, downplaying expectations any agreement is imminent.

Canada’s ambassador to Washington said in an interview this week the sides are close to an agreement on a deal that would cap Canada’s share of the U.S. lumber market at 30 percent, but remained at odds over what will happen if U.S. producers can’t fulfill their 70 percent share.