Canada Eyes Lumber Quotas to Avert US Tariffs
Canada Eyes Lumber Quotas to Avert US Tariffs

Canada Eyes Lumber Quotas to Avert US Tariffs

News summary

Canada is considering limiting its softwood lumber exports to the U.S. to ease trade tensions and avoid 35% tariffs threatened by President Trump, which are set to take effect on August 1. British Columbia Premier David Eby has expressed new openness to a quota system, a long-standing U.S. demand. Discussions are now underway with Prime Minister Mark Carney's administration to explore options previously off-limits. Canada has already met other U.S. demands, including increased defense spending and the removal of its digital services tax on U.S. tech firms. American homebuilders warn that higher tariffs could significantly raise construction costs, as Canada supplies nearly a quarter of the U.S. softwood lumber market. The outcome of these negotiations remains uncertain as both countries consider economic and political factors.

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Left 67%
Center 33%
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3
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2
Center
1
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0
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Last Updated
5 days ago
Bias Distribution
67% Left
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