Canada’s lumber companies deny that softwood lumber exports are subsidized by so-called stumpage fees.
NAFTA
In reality, Canadian consumers have long put their financial welfare before their loyalty to Canadian-bred cows.
Tougher intellectual property protection in the U.S. may raise difficult negotiating issues for Canada.
Canadians benefit from getting U.S. and Mexican goods more cheaply.
An estimated 30,000 to 40,000 Canadians work in the U.S. under NAFTA program.
Prime Minister Trudeau earmarked millions of dollars for job-creation efforts.
President Donald Trump has vowed to renegotiate NAFTA, which he calls “a disaster.” But before he tears up the trade deal, let’s take a moment to take stock of why NAFTA was created.
Changes may discourage Canadian firms from buying cheaper imports from non-U.S. sources.
We may see the reintroduction of tariffs across a range of products traded between the U.S. and Canada.