TORONTO — During last year’s U.S. election campaign, much of the trade talk focused on Mexico and China. But the administration’s first major import duties were against Canada — the latest salvo in the long-running softwood lumber dispute between the two countries, RBC Economics reported.
“The trade action didn’t come as much of a surprise, and is likely to have a limited impact on the broader Canadian economy,” said Economist Laura Cooper. “But with the U.S. even threatening a full withdrawal from NAFTA, further signs of a breakdown in the bilateral trade relationship are significant.”
RBC Economics prepared a report outlining the possible impact of U.S. trade disputes with Canada. The free report can be accessed on the RBC website.
SOURCE: RBC Economics press release