Canada and the United States are one of the most connected pairs of economies in the world. The daily volume of the bilateral trade is about $2 billion. Prominent Canadian exports to the US include energy products, particularly oil, natural gas and electricity; automotive products, including vehicles and auto parts; forestry products such as lumber and paper; agricultural goods, notably grains, livestock, dairyand processed foods; and metals and minerals like aluminum and steel. In 2023, the volume of US-Canada trade was over $750 billion. More importantly, this trade is quite one-sided; 75 percent of Canadian exports end up in the United States. …So far, Americ’s trading partners have responded to the tariff actions in a tit-for-tat manner. Any new tariff from the United States has received an immediate reaction from the European Union and Canada alike. Coupled with geopolitical tensions in Russia-Ukraine war, it seems a whole new great reset in action.
This year, Canadian forest companies and their employees continued to navigate a rapidly changing political, economic, and trade environment. Customers, investors, and local communities have a shared interest in good environmental outcomes and sustaining and growing family-supporting jobs. As a global leader in sustainable forest management and responsible sourcing, Canada’s forest sector and its people have met these challenges head-on. In 2024, FPAC and its members continued to make meaningful strides on climate action, biodiversity conservation, and expanded partnerships with Indigenous Peoples and inclusion of Indigenous knowledge into Sustainable Forest Management. Buyers of Canadian forest products can be confident that measures to improve environmental performance, strengthen relationships with Indigenous Peoples, and provide the highest quality of products are being implemented across our operations and throughout the country – ensuring that forestry practices in Canada contribute to maintaining and supporting the ecosystems, wildlife, and people that rely on them now and for generations to come.
WASHINGTON — Canadian officials are set to meet with the U.S. commerce secretary in Washington today — days after a dust-up with U.S. President Donald Trump that ended with Ontario pausing its surcharge on electricity exports to the United States. Finance Minister Dominic LeBlanc, Ambassador to the U.S. Kirsten Hillman and Ontario Premier Doug Ford are meeting with Howard Lutnick, and Ford says his goal for the meeting is to get a coherent sense of the Trump administration’s plans for tariffs. …Elsewhere in the American capital, Trump’s choice for the next U.S ambassador to Canada is set to take questions today as the relationship between the two countries is strained by tariffs and threats of annexation. Pete Hoekstra, a former Michigan congressman, is scheduled to appear before the Senate Foreign Relations Committee for a nomination hearing.
Legislation has been introduced to strengthen BC’s ability to respond quickly to threats of tariffs imposed on Canada by the US, to grow a more self-reliant economy, and to defend workers and businesses. …If passed, the act will enable the BC government to be nimble in its response, giving government time to develop more long-term responses. A focus on expanding interprovincial trade and moving procurement away from American vendors will help encourage greater reliance on goods and services made in Canada. …The act will automatically be repealed by 2027 at the latest. …The legislation allows government to: 1. Temporarily modify the application or effect of BC laws and regulations to defend BC from challenges brought on by the continued tariff and sovereignty threats. …2. Reduce or eliminate barriers to interprovincial trade. …3. Impose tolls/fees on specified vehicles using provincial public infrastructure such as highways …4. Provide procurement directives to public bodies.
A Vernon internet personality known for her funny online responses has shifted to creating political content with an upcoming federal election and ongoing trade war with the United States. Vernonite Elle James, known online as Shameless Elle, has been creating content for years, primarily making humorous reaction videos. Things started to shift for James during the most recent U.S presidential election. 
SAGUENAY, QUE. — Wood, as well as aluminum, are economic drivers in Quebec’s Saguenay-Lac-St-Jean region north of Quebec City. The … looming 25 per cent tariffs are leaving businesses in Saguenay-Lac-St-Jean bracing for impact. Inotech, a company that specializes in manufacturing equipment for the wood industry, said the economic disruption started in early February, when Trump had initially promised to impose tariffs, before delaying them. “In Quebec, the entire wood market was paralyzed,” said Michel Marceau, the company’s CEO. “People are waiting to see what will happen and during this time, no one is investing,” added Michael Dufour, Inotech’s sales director. A recent study from the Canadian Chamber of Commerce identified Saguenay and Drummondville — a city northeast of Montreal — among the Canadian cities most vulnerable to U.S. tariffs.
WASHINGTON — A gobsmacked planet is wondering what’s next from President Donald Trump on the tariff spree he’s set in zigzag motion. In recent weeks, Trump has announced punishing tariffs against allies and adversaries alike, selectively paused and imposed them, doubled and then halved some, and warned late in the week that he’ll tax European wine and spirits a stratospheric 200% if the European Union doesn’t drop a 50% tariff on U.S. whiskey. His ultimate stated goal is clear: to revive American manufacturing and win compromises along the way. But people and nations whose fortunes rise and fall on trade are trying to divine a method to his machinations. So far, he’s spurred fears about slower growth and higher inflation that are dragging down the stock market and consumer confidence. “His tariff policy is erratic,” Robert Halver, at Germany’s Baader Bank, said. “So, there is no planning certainty at all.”
The Commerce Department’s Bureau of Industry and Security (BIS) has formally launched two Section 232 investigations that could lead to import restrictions on copper and lumber and timber, according to Federal Register notices scheduled for publication on Thursday. Trump signed an executive order on Feb. 25 ordering the copper probe and another on March 1 for lumber and timber. Both instructed Commerce Secretary Howard Lutnick to start the investigations, which threaten to further strain trade relations with Canada and other trading partners. The Section 232 law allows up to 270 days for a probe, but White House officials said they expect Lutnick to move faster. In one sign of that, BIS set an extremely short period for public comment in the two investigations, ending on April 1. that coincides with the deadline for executive branch agencies to compete a number of trade reports for the White House. [to access the full story a PoliticoPro subscription is required]
European industry is scrutinising the list of products drawn up by the European Commission in response to US tariffs on steel and aluminium, and not everyone is pleased. EU tariffs on American products are adversely affecting EU manufacturers of wines, plastics and pulp among other sectors relying on imported products hit by tariffs or caught as collateral victims of the trade war between both sides of the Atlantic. …The European pulp and paper industry has also reacted after seeing imports of the products from the US on the EU list. The EU imported €962 millions’ worth of pulp and €650 millions worth of paper and board from the US in 2023. In exchange European exports of pulp and paper and board were worth €238 million and €2.4 billion respectively. The sector has no interest in a trade war with the Americans. Jori Ringman, Director General, said that “EU and US consumers who need basic hygiene products” were going to be impacted as well as “a whole range of sectors using paper packaging.”
When President Trump threatened new tariffs on Mexico, Canada and China at the beginning of February, Steve Martinez flew into action. The Idaho-based general contractor spent hundreds of thousands of dollars on materials like lumber, windows, cabinetry and steel to stockpile them before the tariffs hit. …Since his lenders wouldn’t finance these purchases, he is paying out of pocket and using cash. Then after the president abruptly walked them back, Martinez was left with an upended business plan, less cash and feeling confused about what to do next. “I can’t keep ping ponging back and forth,” Martinez said. …Builders have been doing what they can to insulate themselves from higher import costs, from stockpiling materials and appliances to shrinking the size of the homes they will build. But if tariffs take effect long term, they will only be able to absorb so much cost. [to access the full story a WSJ subscription is required]
As we enter what are typically the most profitable months for US builders, widespread uncertainty regarding pricing is casting a pall over the industry. Northeastern Retail Lumber Association (NRLA) crystallizes these concerns, noting that: “Despite repeated delays of tariffs on imports from Mexico and Canada, prices continue to fluctuate unpredictably, leading to hoarding by customers, delayed orders for restocking, and customers abandoning purchases due to sudden cost increases.” The NRLA says the current situation recalls the tumult of pandemic-era supply chain shortages. “Now, dealers are reporting the same patterns: unpredictable cost increases, uncertainty in securing supply, and customers unable to move forward with purchases due to rapidly shifting prices.” …NRLA writes that daily price changes are making it impossible for retailers to provide accurate quotes, which constricts pricing guarantees. …NRLA dealers are reporting that even U.S.-made manufactured materials are seeing price increases.
Thousands of US companies opened for business on Friday with no idea whether they had to pay tariffs. …In imposing the tariffs, Mr. Trump misused the 1977 International Emergency Economic Powers Act. Congress passed IEEPA to give presidents tools to respond quickly to emergencies like wars or terrorist attacks. …IEEPA has never been used for tariffs, and courts should rule that it can’t be. …US trade laws require the president to identify and investigate specific trade practices that harm the U.S. and then propose remedies, such as tariffs or negotiations. A president may impose tariffs on specific goods if fact-finding determines that imports threaten US national security. Mr. Trump’s reasons for imposing tariffs on Canada don’t appear to satisfy these standards. …Faced with Mr. Trump’s tariff threats, Canadian, Mexican and European officials have indicated that they are open to collective action against China, the world’s biggest exporter and a major source of US trade deficits. [to access the full story, a WSJ subscription is required]
KUALA LUMPUR, Malaysia — The proposed classification of two timber species commonly found in Malaysia as unsustainable by the United States and the European Union (EU) under the Convention on International Trade in Endangered Species of Wild Fauna and Flora (CITES) will result in the cancellation of Malaysian timber exports to the US and the EU. The Timber Exporters’ Association of Malaysia (TEAM) treasurer Wong Kar Wai said that in addition to impending tariffs, the US and the EU are proposing to classify certain timber species common to Southeast Asia, including Malaysia – namely Shorea, locally known as Meranti, and Apitong, known as Keruing – under CITES despite being sustainably harvested and processed. “Keruing is a special type of timber primarily used for floorboards, with the US being its main market. A major buyer is the US military, which uses Keruing for the flooring of trucks and tanks due to its durability and strength.
