The Globe and Mail reports in its Friday, Aug. 26, edition that a trade dispute between the United
States and Canada over softwood
lumber is escalating, raising
the spectre of higher tariffs as
officials play down the likelihood
of reaching a deal before an October
deadline.
A Bloomberg dispatch to The Globe reports that President Barack Obama and
Prime Minister Justin Trudeau
directed their governments at a
June meeting in Ottawa to push
forward and reach accord on the
issue. Officials
began two days of talks in Washington
on Wednesday, the fourth
round of negotiations since the
leaders met.
Optimism is fading. Canada's
ambassador to the United States,
David MacNaughton, and the
country's chief softwood lumber
negotiator, Martin Moen, have
each said this month the sides
remain far apart. Trade Minister
Chrystia Freeland signalled the
same, saying Canada would rather
go past the October deadline
than settle for a bad deal.
Ms. Freeland
says: "We're not going to be bound by
any particular deadline. We're going to try and reach
an agreement, and we're working
hard now in the fall to do that."
If the deadline is missed, the
U.S. is expected to begin
a process to enact new tariffs.
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