In an attempt to show his desire for strict trade regulations,
President Trump imposed tariffs on lumber exported from Canada to the United
States. He argued that, if NAFTA was
working as well as it should, there shouldn’t be longstanding trade disputes
about lumber and dairy products between these two countries. In the article by The New York Times it was
estimated that the United States buys 69% of Canada’s lumber exports. The
article also states that the United States likely would not be able to produce
enough lumber on its own. If the United States and Canada cannot come up with a
deal, the Canadian lumber industry could face tariffs up to 24%. Read the full
article here:
https://www.nytimes.com/2017/04/25/business/trump-trudeau-canada-trade-lumber-dairy.html?_r=0- Lorreen McCabe