Canadian Softwood Lumber Agreement

The Canadian Softwood Lumber Agreement is a trade deal between Canada and the United States that regulates how Canadian softwood lumber is exported to the U.S. It aims to prevent U.S. tariffs (taxes) on Canadian lumber, which can benefit Canadian producers by reducing trade disputes and market instability. In exchange, Canada sometimes agrees to measures like export taxes or quotas to address U.S. industry concerns. The agreement helps manage trade tensions, supports fair competition, and provides relationship stability between the two countries' forestry sectors.