Canada opens door to lumber export limits in talks with U.S.

Canadian officials are considering the possibility of limiting softwood lumber exports to the United States as part of efforts to ease long-standing trade tensions between the two countries. Speaking to Bloomberg, British Columbia Premier David Eby indicated that discussions around export quotas—previously rejected by Canada—are now being revisited. According to Eby, U.S. industry groups have for years pushed for a system that would cap the volume of Canadian lumber entering the American market, and there is now some willingness on the Canadian side to explore how such a mechanism could be structured. The proposal ...