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August 24, 2026

US-Canada trade talks collapse as 50% tariffs hit Canadian wood products

US-Canada trade talks collapse as 50% tariffs hit Canadian wood products

US-Canada trade negotiations have collapsed after both sides appeared close to an agreement, triggering new 50% US tariffs on around $20 billion of Canadian imports. Selected wood, panel, paper and value-added forest products are included, adding to the trade restrictions already affecting Canada's forest industry.

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