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August 7, 2025

Canada unveils C$1.2 billion support package as U.S. tariffs on lumber escalate

The Canadian government has launched a C$1.2 billion (US$870 million) support package for the country’s lumber industry, aiming to offset the impact of sharply increased U.S. tariffs and accelerate long-term reforms. The move follows the U.S. Department of Commerce’s decision to raise combined anti-dumping and countervailing duties on Canadian softwood lumber to nearly 35%, reviving a long-standing trade dispute and placing thousands of forestry jobs at risk. Prime Minister Mark Carney said the package is designed to stabilize operations in the short term and support a shift “from reliance ...

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