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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

By

Josh Wingrove and

August 3, 2017, 4:53 PM UTCUpdated onAugust 3, 2017, 5:44 PM UTC

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.