PARIS — US President Trump on Wednesday said that the United States would do better without the US-Mexico-Canada Agreement on trade and that he would prefer not to have a new one, but added that he was open to doing it. “I would rather not have the agreement, but I may sign it,” Trump said in France. “We do better as a country if we don’t have an agreement.” …The US Trade Representative’s Office is holding talks with Mexico this week in Washington focused on agriculture and “a level playing field,” with a third set of talks in Mexico City scheduled for the week of July 20. Agricultural groups are urging Trump to extend USMCA for another 16 years with duty-free farm products, strengthened provisions for genetically modified corn and ethanol access in Mexico and improved access to Canada’s largely closed dairy market. Automakers are also pressing for an extension.
In related coverage by:
- Kelly Malone in the Canadian Press: Trump says he would rather not have CUSMA
- Mike Crawley in CBC News: Here’s the reality behind Trump’s takes on the trade deal
NEW YORK — BTG Pactual Timberland Investment Group, timberland investment managers, announced the acquisition of approximately 90,000 acres of US timberland formerly managed by Jamestown, a global design-focused real estate investment and management firm. …The portfolio of high-quality timberland spans five U.S. states, including approximately 50,000 acres of pine timberland in Georgia and Alabama and approximately 40,000 acres of diversified hardwood timberland across Indiana, Pennsylvania, and New York. All properties are certified under the Sustainable Forestry Initiative (SFI). The acquisition increases BTG Pactual TIG’s core U.S. timberland strategy’s portfolio to more than 1.7 million acres. The firm manages 3.3 million acres globally. The transaction creates further opportunities for BTG Pactual TIG to scale positive conservation outcomes through its long-term collaboration with The Nature Conservancy (TNC), Conservation Advisor to the firm’s core U.S. timberland strategy.
NEW ZEALAND — PF Olsen and Forest360 have merged to become New Zealand’s biggest independent forestry manager, trading as Stand Forestry. The companies announced their merger late last year, backed by new investment from Adamantem Capital’s Environmental Opportunities Fund and supported by PF Olsen’s Quayside Holdings. …The new brand will combine 75 years’ experience, a workforce of more than 200 skilled professionals and 480,000ha of forestry under management on both sides of the Tasman, the companies said. …The company recently launched a new carbon joint venture model in New Zealand to make it easier for farmers and landowners to participate in the Emissions Trading Scheme. …The merged group has more than 1000 clients, from major institutional investors to family-run businesses and private landowners. PF Olsen also has a large operation in Australia, managing 212,000ha.
Global oil prices fell on Monday following news of a tentative deal between Iran and the U.S. to extend their ceasefire agreement and reopen the Strait of Hormuz, but a veteran oil watcher doesn’t see crude prices returning to pre-war levels anytime soon. Eric Nuttall, partner at Ninepoint Partners, said that traders are trying to determine where the price of oil will settle out in the coming days and weeks, as many key details about the deal still need to be ironed out. …Nuttall noted that even if the strategically important Strait of Hormuz is fully reopened as a result of the Iran-U.S. deal, it will take time for oil markets to recover from the volatility of the last three and a half months. …In addition to the logistical backlog and supply chain disruption, the war in Iran has caused extensive damage to petroleum facilities across the Middle East, Nuttall explained.
A top US Customs and Border Protection (CBP) official told Court of International Trade (CIT) Judge Richard Eaton on 9 June that the agency is still creating a process for refunding tariffs that involve more complex entry types and that have been finally liquidated (i.e., are more than 90 days post-liquidation) in the Consolidated Administration and Processing of Entries portal. “We can’t do it all at once,” CBP Executive Assistant Commissioner Susan Thomas testified. ….The US Trade Representative (USTR) is 
This month, consumer sentiment ticked up about four index points, or 9%, with consumers experiencing some relief due to the early-month easing in gasoline prices. This measured improvement in sentiment was widespread, seen across age, education, and political party. Lower-income consumers exhibited a particularly strong sentiment increase, consistent with the fact that gasoline comprises a larger share of their budgets. Overall, assessments and expectations of personal finances and business conditions all rose this month. Even with June’s early gains, however, views of the economy are still relatively dour. Sentiment is currently 13% below January 2026 and 19% below a year ago, as consumers remain focused on kitchen table issues. They feel burdened by the recent escalation in inflation and worry that higher inflation could remain stubborn going forward, particularly in the short run. Interviews for this release were completed between May 19 and June 8.
Steel keeps losing the green building conversation on a technicality. Most lifecycle comparisons published in industry media compare materials on cradle-to-gate embodied carbon and walk away. Steel comes out heavy. Wood comes out light. Concrete sits somewhere in the middle. The reader files steel away as the carbon-heavy choice and moves on. The problem with that framing is not the numbers themselves. It is what gets left out of the calculation. A building exists for decades. Materials behave differently across that span. End-of-life recycling rates vary by an order of magnitude. None of that shows up in the cradle-to-gate snapshot that gets quoted in most green building pieces. …What the analysis does argue is that the cradle-to-gate number cited in most green building media tells less than half the story. …The broader lesson is that sustainable construction decisions should be based on whole-building lifecycle assessment rather than a single embodied-carbon number. 
Timber frame homes built in as little as five days could be a way to increase the pace of housebuilding in London, some of the capital’s largest construction companies have heard. Industry leaders travelled to Scotland to learn how the housing is produced, from sustainable forestry through to completed homes, as developers and ministers look for ways to increase the number of homes in the city. Scotland has adopted timber frame construction on a greater scale than England. About 92% of new homes north of the border are built using timber frame, compared with 13% in England. Andrew Orriss, of the Structural Timber Association, said: “Scotland builds faster, greener, and more efficiently than England. …“And the reason is timber frame. …Mayor of London Sir Sadiq Khan has a target to build 88,000 new homes per year. …In Britain, structural timber are only permitted to a maximum height of 18 metres, or up to 6 storeys.
2025 was a landmark year for FSC Canada, one defined by transition, renewed clarity, and a deepening of the values that anchor our mission. I am proud to reflect on a year in which FSC Canada strengthened its role as a trusted leader in responsible forest stewardship. This year marked an important moment in our organization’s history with the retirement of François Dufresne, who served as President and CEO for more than a decade. François guided FSC Canada through periods of significant change in the forest sector, always with integrity, steadiness, and a commitment to collaboration. …We also welcomed Monika Patel as FSC Canada’s new President and CEO. Monika brings a clear strategic vision, a deep understanding of the FSC system, and a values driven approach that aligns strongly with our mission. Her leadership has already brought renewed focus to our priorities and strengthened our engagement with partners across the country. 
Connecticut’s Department of Energy and Environmental Protection (DEEP) announced two federally funded grant programs totaling $1.23 million for urban and community forestry projects, with application deadlines in August 2026. The programs are available through DEEP’s 
OTTAWA — Three young women and two environmental groups on Tuesday filed a lawsuit against the Canadian government seeking to force it to develop an action plan to meet its key climate goals. The lawsuit comes as Prime Minister Mark Carney’s government shifts Canada’s climate and energy priorities, rolling back key environmental policies while advancing major energy and infrastructure projects to reduce dependence on the United States. Announcing the lawsuit, plaintiff Shirley Barnea, a university student from Quebec, said authorities had an obligation to build a sustainable future for younger generations. …The legal action aims to compel the government “to chart a credible, up-to-date course of action” and “to protect Canadians from the worsening impacts of climate change,” according to a statement from the Canadian Association of Physicians for the Environment (CAPE), which is also a party to the lawsuit.
NEW BRUNSWICK — On the morning of May 26, a provincial air quality monitoring station on the west side of Saint John began registering unusual readings. …There was no special public notification about the west side spike, even though the environment department watched it develop and was concerned enough to launch an immediate investigation to determine the cause. …The department, in emails, said it believes operations and maintenance work at the Irving Pulp & Paper mill could have been a contributing factor. …“The cause appears to be a combination of unusual weather, which trapped pollutants at ground level rather than dispersing them upward, combined with higher than ordinary emissions during a cleaning/maintenance cycle at the mill.” J.D. Irving said there is “no concrete way to confirm” it caused the poor air quality readings but said adjustments in mill operations were made at the time to be on the safe side.
