The Globe and Mail reports in its Thursday edition that faced with continuing investigations
by the U.S. International
Trade Commission and a protectionist
president, Canada's
softwood lumber sector faces a
cloudy future that
looks a lot like the past.
The Globe's Josh O'Kane writes that Donald Trump has long shown
interest in renegotiating the
North American free-trade agreement
upon taking office, leaving
trade partners in limbo. The
recent expiration of the 2006
Softwood Lumber Agreement is
already a sore point with the U.S. Last week, the USITC announced
it had found "reasonable indication"
that Canadian softwood
lumber product imports has
"materially injured" U.S. industry.
The events leave a lot hanging
in the balance for the softwood
sector in 2017. Some see a year
ahead with a familiar, and potentially
costly, step backward. Others
see a chance to, in a
roundabout way, stake a Canadian
claim in Mr. Trump's economic
vision.
"I don't want to project a number
in what a duty might be, but I
wouldn't be surprised if we were
slapped with a penalty that could
have a significant impact on
export volumes to the U.S.," says
Alberta Forest Products Association head Paul Whittaker.
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