
The Global Wood Summit – held last week in Vancouver, BC – provided an excellent platform for discussions and perspectives on what can be expected in 2025 for the North American and global forest products markets. Amongst all the topics, the outlook for the three key market regions in Asia (China and Japan), Europe, and the US were discussed at length, where the consensus was weakest in Asia, moderate in Europe, with potential upside expected for the US market. It is expected that the US will lead all markets in 2025 and prices should be higher – maybe very high according to some! Conference Proceedings from 20 presenters are available for sale at US$400. Please contact Russ Taylor directly or go to the Global Wood Summit website where you can purchase the proceedings starting on November 12.
Day two of the Global Wood Summit in Vancouver opened with a presentation by Alejandra Glazebrook from PwC (Platinum event sponsor). Glazebrook presented insights into the forest sector, highlighting its significant contributions to the Canadian economy, employing over 200,000 people and generating approximately $35 billion.
Zoltan van Heyningen, Executive Director, US Lumber Coalition, provided a US perspective on softwood lumber duties at the Global Wood Summit in Vancouver. Van Heyningen clarified the difference between policy-driven trade action (that can result in tariffs) and legal processes that administer US trade laws (that can result in antidumping and countervailing duties). According to van Heyningen:
In a way, the stock market’s vote of confidence was surprising: Trump’s economic platform is a mix bag. Tax relief and deregulation are popular with investors, but trade-disrupting tariffs and budget-busting deficits could push up interest rates down the road. For Canadians, however, the Trump bag is not so mixed: new economic threats from Trump’s America are clearly on their way. …A lower corporate income tax rate, deregulation and energy renewal will be magnets for investment from Canada. Tariff policy and a review of NAFTA 2.0 would be especially harmful as we would be shut out of U.S. markets. Given nationalistic economic leanings on both sides of the aisle in Congress, we should expect more not fewer trade restrictions in the next four years. What should we do? Two things. Create a new growth agenda and work hard to protect our access to the huge U.S. market.
B.C. business leaders are bracing for the potential economic impacts of another Donald Trump presidency. Trump has promised to implement new tariffs of at least 10% on all American imports, an attempt to promote made-in-America goods and boost the U.S. manufacturing sector. That could hurt BC manufacturers and the province’s forestry sector, contracting already stagnant economic growth, says Laura Jones, of the Business Council of BC. Tariffs “are terrible for consumers,” Jones says. They could raise the price of certain products — including softwood lumber — for Americans, forcing them to look elsewhere. …David Frum believes Donald Trump could ‘mess up’ the Canada-U.S.-Mexico free trade agreement and hold those countries ‘to ransom’. …A report released last month from the Canadian Chamber of Commerce found that a 10% tariff would shrink the Canadian economy, resulting in around $30 billion per year in economic costs.
To get a sense of the potential impact of Donald Trump’s plans for sweeping tariffs, look no further than the Canada-U.S. softwood dispute. …Since 2017 in the latest phase of the long-running trade war over lumber, companies based in Canada have paid more than $10-billion in U.S. duties. Production from U.S. sawmills, including those owned by Canadian-based companies, is exempt from the lumber duties. Canadian-based producers have descended on the U.S. South over the past dozen years and set up shop in the lumber region, and thereby found a way around the punitive duties for the U.S. portion of output.

PORT ANGELES — Clallam County is refunding Interfor U.S., Inc., about $240,000 after the company challenged its assessed property valuations for 2021-2023. While the county is writing the check, Administrator Todd Mielke said each of the taxing districts which have already collected their portion of Interfor’s payments will have to pay the county back. That likely will happen in the form of deductions from future property tax income, he said. In 2021, 2022 and 2023, Interfor, a lumber company that owns a saw mill in Port Angeles, challenged the county’s property assessments of $67.5 million, $58.7 million and $61.7 million, respectively, for its 18.53-acre property located at 243701 U.S. Highway 101. The 2021 challenge was set to go before the state Board of Tax Appeals (BTA) in December, Mielke said. Before that occurred, however, Interfor requested a mediation session between the company and the county.


BURNABY, BC — Interfor Corporation recorded a Net loss in Q3’24 of $105.7 million compared to a Net loss of $75.8 million in Q2’24 and a Net loss of $42.4 million in Q3’23. Adjusted EBITDA was a loss of $22.0 million on sales of $692.7 million in Q3’24 versus a loss of $16.7 million on sales of $771.2 million in Q2’24 and Adjusted EBITDA of $31.9 million on sales of $828.1 million in Q3’23. …In Q3’24, lumber production totalled 904 million board feet, representing a 130 million board foot decrease over the prior quarter. This decrease reflects the temporary production curtailments announced on August 8, 2024. …On October 16, 2024, Interfor announced plans to exit its operations in Quebec, Canada, including the sale of its three manufacturing facilities and the closure of its Montreal corporate office. …The Company sold Coastal B.C. forest tenures totalling approximately 125,000 cubic metres of allowable annual cut.





SEATTLE — As candidate for Commissioner of Public Lands, Republican Jaime Hererra-Beutler has consistently asserted that, according to “the science,” it’s necessary to log our legacy forests to keep them from “burning up.” She asserts that “too many of our forests have been undermanaged or outright neglected, and they’ve turned into crowded, diseased tinderboxes, just waiting for a spark.” They’ve “fallen into disrepair,” she says, and need “cleaning up.” But is it true? Is there really a scientific consensus saying so? And what type of forest is she talking about? Washington is a big state. Legacy forests are identified only on the west side of the state and then only below 3,500 feet. There, you have to differentiate between forests that are naturally regenerated (legacy forests) and those already converted to timber plantations (managed plantations).
In just over five years, the world will arrive at its first major checkpoint on climate action: a 2030 deadline to meet a series of green targets aimed at avoiding the most devastating impacts of global warming. These goals … are intended to put the global economy on a path to reducing the amount of greenhouse gases accumulating in the atmosphere. Yet … carbon dioxide emissions hit a new record last year. That means the world faces a steeper, far costlier and more disruptive journey to reach net zero by 2050. And that was before the re-election of Donald Trump. With a second term in the White House, Trump is unlikely to steer the world’s second-biggest polluter to decarbonize faster than the current pace. In fact, Trump has vowed to undo many of the nation’s expansive climate policies and withdraw from global cooperation. The consequences will extend far beyond the US.
POMPTON LAKES, N.J. — Fire crews on both coasts of the United States continued battling wildfires on Sunday, including a blaze in New York and New Jersey that killed a parks employee and another in Southern California that destroyed more than 130 structures and damaged dozens more. Firefighters continued making progress against a wildfire northwest of Los Angeles in Ventura County that broke out Wednesday and quickly exploded in size due to dry, warm and gusty Santa Ana winds. The Mountain Fire prompted thousands of residents to flee their homes and was 26% contained as of Sunday, up from 21% the previous day. The fire’s size remains around 32 square miles. …Meanwhile, New York State Police said they were investigating the death of 18 year-old Dariel Vasquez, who died when a tree fell on him Saturday afternoon as he battled a major brush fire in New York state’s Greenwood Lake near the New Jersey line.
JACKSON TOWNSHIP, New Jersey—Several homes were evacuated on Wednesday due to a wildfire that continued to burn Thursday morning in Ocean County, New Jersey. A total of 25 structures are threatened, officials said in a 7:50 p.m. update. According to the state’s Forest Fire Service, six homes were evacuated on the west side of Stump Tavern Road and there were voluntary evacuations on the east side of Stump Tavern Road. Stump Tavern Road is closed from Route 571 to Route 528 in Jackson Township. Officials said the fire damaged about 175 acres and was 20% contained. Crews are prepping and strengthening firelines and are utilizing backing fire operations to help contain the blaze. No injuries have been reported. The cause of the fire remains under investigation. Meantime, fire crews are battling another large wildfire, this time in Burlington County.