The U.S. is moving closer to the imposition of tariffs that would significantly reduce Canada’s share of the American softwood lumber market.
Canada currently has about one third of the U.S. lumber market. U.S. lumber producers want that number to drop to about 22 percent, a production level that would lead to plant closures, says Richard Garneau, CEO of Quebec-based Resolute Forest Products. Both Canadian and American lumber producers are lobbying hard to advance their positions.
For more information, contact Brian Rowe, General Manager – Customs Consulting Services