Supply Chain Research

As widely expected the U.S. ITC has determined that U.S. industry has been injured by Canadian exports of softwood lumber, and duties will be applied (though not retroactively). It isn’t the end of the process, as Canada has deployed both NAFTA and WTO disputes. The sector will also feature – possibly negatively – in the ongoing NAFTA negotiations given forestry is 8% of Canadian exports. Suppliers including West Fraser and Resolute FP may not have felt the full impact yet. U.S. imports actually climbed 10% in October vs. September as a result of higher prices and matched their April all...