American-bound exports are dropping. Ten years ago around 90 percent of Canada's lumber production crossed the US boarder. Now it's only 65 percent.
US President Donald Trump has suggested Canada and Mexico could win exemptions to his planned tariffs on steel and aluminum if they agree to a new free trade deal. Ottawa said this was "absolutely unacceptable."
Key figures in US President Donald Trump's own party have expressed their concern over his plan to introduce steel and aluminum import tariffs, and called for them to be scrapped. Trump said he would "stick to his guns."
The US will reportedly spare Mexico, Canada and possibly others from tariffs, under national security "carve-outs." The tariff bill will likely be signed on Thursday or Friday and will go into effect two weeks after.
Hours ahead of the signing of trade tariffs on steel imports, President Trump has insisted he doesn't want a trade war. Washington is set to soften the blow of its new penalties with exemptions for certain countries.
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