Canadian exporters face rising anxiety as the U.S. threatens to significantly increase softwood lumber duties, potentially from 14% to 34%, amid a national security investigation. While Canadian firms, like Canfor, brace for higher tariffs, they have expanded production capacity in the U.S. to mitigate risks, but American producers seek to limit Canada’s market share further and push for tariffs that could bolster U.S. production.
Explain It To Me Like I’m 5: The ongoing trade tensions between Canada and the U.S. in the softwood lumber industry are escalating, with Canadian firms facing potential duty increases and tariffs while trying to adapt to a market where they own significant production capacity in the U.S.
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