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Breaking News

US Department of Commerce to Increase Duties on Canadian Softwood Lumber 20.56%

BC Council of Forest Industries, BC Lumber Trade Council & US Lumber Coalition
July 25, 2025
Category: Breaking News, Business & Politics
Region: Canada, United States

The US Department of Commerce today announced the final anti-dumping duty rate of 20.56% in the sixth annual antidumping review of unfairly traded Canadian softwood lumber imports into the United States. The review covers lumber imported in calendar year 2023. If the Department’s forthcoming determination in the countervailing duty review is consistent with the preliminary results, the combined rate will be well over 30%.

Council of Forest Industries (COFI):

COFI strongly condemns today’s decision by the US Department of Commerce to once again increase anti-dumping duties on Canadian softwood lumber. These unjustified and punitive trade actions continue to harm workers, families, and communities across British Columbia and Canada—and have gone unresolved for far too long.  We call on the Government of Canada to make resolution of the softwood lumber dispute a top national priority. But this latest escalation also underscores a hard truth: we cannot wait for the US to act.  To keep forestry workers employed and communities strong, BC must urgently strengthen the conditions to succeed here at home. That starts with treating forestry as a major project to reach a target harvest of 45 million cubic metres and taking immediate action to restore wood flow, protect jobs, and stabilize the sector—while laying the groundwork for long-term competitiveness. 

US Lumber Coalition:

The US Lumber Coalition applauds Trump Administration’s strong enforcement of the US trade Laws against egregious levels of unfair trade by Canada in softwood lumber. “20.56% – that is the enormous extent to which Canadian producers dumped their lumber in the US market. …Andrew Miller, Chairman of the Coalition said., “The Commerce Department has once again proven the severity of market disruption caused by Canada’s unfair trading. Time has come for Canada to reconcile the size of its industry with market realities. The United States will no longer absorb Canada’s massive excess capacity in lumber at the expense of US mills and communities.” …US lumber industry and workers letter to President Trump. Enforcing U.S. trade laws helps increase the U.S. supply of lumber to build American homes, all without impacting the cost of a new home, as demonstrated by data from the NAHB and Fastmarkets Random Lengths. 

BC Lumber Trade Council (BCLTC):

 The BCLTC is deeply disappointed by today’s final determination by the US Department of Commerce to raise anti-dumping duties on Canadian softwood lumber to 20.56%.  This decision represents yet another example of ongoing US protectionism at a time when cross-border cooperation should be a shared priority. “These duties are both unjustified and harmful,” said Kurt Niquidet, President of the BC Lumber Trade Council. “They unfairly penalize forestry workers and families across British Columbia, while further increasing costs for American homebuilders and consumers. Niquidet emphasized the need for a lasting resolution: “Rather than prolonging this decades-old dispute through costly litigation, we urge both governments to pursue a fair and durable agreement that delivers long-term certainty in the softwood lumber trade.” 

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Opinion / EdiTOADial

Setting the Record Straight On Softwood Lumber Trade between Canada and the United States

By Russ Taylor and David Elstone
Russ Taylor Global and Spar Tree Group
July 27, 2025
Category: Opinion / EdiTOADial
Region: Canada, United States

As trade talks intensify between the US and Canada, those in the forest industry await what will happen with that long-term irritant of a trade file – softwood lumber. The US Lumber Coalition’s (USLC) July 2, 2025 press release, “US Self-Reliance in Softwood Lumber Hamstrung by Canadian Unfair Trade” made several inaccurate claims about the Canadian industry and softwood lumber trade. With sensitive and critical US-Canada trade negotiations ongoing, as well as the potential outcomes of the US Section 232 investigation on lumber imports, it is important to make sure there is correct information and understanding available to support both countries with meaningful dialogue. As industry consultants based in British Columbia, we are compelled to correct a number of the USLC’s claims made which provide misleading perspectives of the Canadian forest industry and its softwood lumber exports to the US market. Our goal is to apply facts against these claims together with additional commentary that we believe will provide a more accurate assessment of the US and Canada softwood lumber situation. [go to Spar Tree Group Inc. or Russ Taylor Global for full list of ‘claims and responses’, or click Read More below]

…The longer-term objective of making the US more self-reliant on domestic lumber is only a notional strategy at this point. Canada is already the high-cost supplier to the US market – in part from US import duties – and imposing higher duties (and tariffs) on imported Canadian lumber will only increase lumber prices to US consumers for years to come. It is unfortunate that the USLC makes so many unsubstantiated claims, which are designed to simply evoke emotional reactions. A clear and supported analysis of the facts with defined assumptions is a much better way to improve the dialogue and create accurate communication. The US and Canada need to work together to grow their collective share of wood products in the North American market and not to push for short-term, non-market duties and tariffs that will have potentially long-term consequences. Efforts to promote wood over steel and concrete are a much better longer-term strategy.

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Business & Politics

US Department of Commerce Announces Final Results of Softwood Lumber Antidumping Duty Administrative review

US Department of Commerce
July 25, 2025
Category: Business & Politics
Region: Canada, United States

WASHINGTON, DC The US Department of Commerce announced its final decision in the sixth administrative review of the antidumping duty order on softwood lumber from Canada. …This review covers imports of softwood lumber from Canada that entered into the United States during the period of January 1, 2023, to December 31, 2023. The Department of Commerce determined that softwood lumber from Canada was being dumped into the United States at rates ranging from 9.65% to 35.53%. These final rates are, on average, larger than the final antidumping rates determined in the previous administrative review but in line with Commerce’s preliminary results from March 2025. Notably, the final rate for non-selected companies, which applies to most Canadian companies, increased to 20.56%, up from 7.66% determined in the previous administrative review. …Commerce is scheduled to announce the final decision in the administrative review of the countervailing duty order, covering calendar year 2023, on August 8, 2025.

Responses captured on July 25, per Tree Frog’s BREAKING NEWS:

  • Council of Forest Industries (COFI): COFI strongly condemns today’s decision by the US Department of Commerce to once again increase anti-dumping duties on Canadian softwood lumber.
  • US Lumber Coalition: The US Lumber Coalition applauds Trump Administration’s strong enforcement of the US trade Laws against egregious levels of unfair trade by Canada in softwood lumber.
  • BC Lumber Trade Council (BCLTC): The BCLTC is deeply disappointed by today’s final determination by the US Department of Commerce to raise anti-dumping duties on Canadian softwood lumber to 20.56%.

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BC’s independent wood manufacturers decry retroactive US softwood duties

By Chuck Chiang
The Canadian Press in CTV News
July 26, 2025
Category: Business & Politics
Region: Canada, United States

BC’s independent wood product makers say hundreds of small- and medium-sized manufacturers may be forced to shut down in light of the latest decision from the US to raise anti-dumping duties on Canadian softwood… [which] includes a requirement for Canadian companies to retroactively remit duties for products shipped to the US since Jan.1, 2023. Association chair Andy Rielly says that requirement could not only force small BC producers to shut down, but may also threaten operators’ personal assets as they may have to risk using their homes as collateral to secure bonds to pay. …Association executive director Brian Menzies describes independent wood product producers as “collateral damage” in the trade war.” …“We acquire logs and lumber at ‘arm’s length’ from various suppliers on the open market, just like claims made by members of the US Lumber Coalition, and yet our Canadian companies along with U.S. consumers must pay these unfair and costly duties.”

See the Independent Wood Processors Association of BC press release: New softwood lumber duty forces Canadian producers to pay for already shipped products

Read More

US Department of Commerce to Increase Duties on Canadian Softwood Lumber 20.56%

BC Council of Forest Industries, BC Lumber Trade Council & US Lumber Coalition
July 25, 2025
Category: Breaking News, Business & Politics
Region: Canada, United States

The US Department of Commerce today announced the final anti-dumping duty rate of 20.56% in the sixth annual antidumping review of unfairly traded Canadian softwood lumber imports into the United States. The review covers lumber imported in calendar year 2023. If the Department’s forthcoming determination in the countervailing duty review is consistent with the preliminary results, the combined rate will be well over 30%.

Council of Forest Industries (COFI):

COFI strongly condemns today’s decision by the US Department of Commerce to once again increase anti-dumping duties on Canadian softwood lumber. These unjustified and punitive trade actions continue to harm workers, families, and communities across British Columbia and Canada—and have gone unresolved for far too long.  We call on the Government of Canada to make resolution of the softwood lumber dispute a top national priority. But this latest escalation also underscores a hard truth: we cannot wait for the US to act.  To keep forestry workers employed and communities strong, BC must urgently strengthen the conditions to succeed here at home. That starts with treating forestry as a major project to reach a target harvest of 45 million cubic metres and taking immediate action to restore wood flow, protect jobs, and stabilize the sector—while laying the groundwork for long-term competitiveness. 

US Lumber Coalition:

The US Lumber Coalition applauds Trump Administration’s strong enforcement of the US trade Laws against egregious levels of unfair trade by Canada in softwood lumber. “20.56% – that is the enormous extent to which Canadian producers dumped their lumber in the US market. …Andrew Miller, Chairman of the Coalition said., “The Commerce Department has once again proven the severity of market disruption caused by Canada’s unfair trading. Time has come for Canada to reconcile the size of its industry with market realities. The United States will no longer absorb Canada’s massive excess capacity in lumber at the expense of US mills and communities.” …US lumber industry and workers letter to President Trump. Enforcing U.S. trade laws helps increase the U.S. supply of lumber to build American homes, all without impacting the cost of a new home, as demonstrated by data from the NAHB and Fastmarkets Random Lengths. 

BC Lumber Trade Council (BCLTC):

 The BCLTC is deeply disappointed by today’s final determination by the US Department of Commerce to raise anti-dumping duties on Canadian softwood lumber to 20.56%.  This decision represents yet another example of ongoing US protectionism at a time when cross-border cooperation should be a shared priority. “These duties are both unjustified and harmful,” said Kurt Niquidet, President of the BC Lumber Trade Council. “They unfairly penalize forestry workers and families across British Columbia, while further increasing costs for American homebuilders and consumers. Niquidet emphasized the need for a lasting resolution: “Rather than prolonging this decades-old dispute through costly litigation, we urge both governments to pursue a fair and durable agreement that delivers long-term certainty in the softwood lumber trade.” 

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Canada Employs Unfounded Scare Tactics in Attempt to Attack President Trump’s Successful Trade Policies

The US Lumber Coalition
July 23, 2025
Category: Business & Politics
Region: Canada, United States

WASHINGTON — CNN published an article citing the Canadian Chamber of Commerce… claiming that tariffs on Canadian building materials, with an emphasis on lumber, will drive up the cost of housing for US consumers. This is incorrect. …”In order to continue seeing the massive growth of US softwood lumber production capacity that we have seen over the last nine years as a result of US trade law enforcement, it is essential that President Trump takes all necessary steps to downsizing Canada’s unsustainable 8 billion board feet of excess lumber capacity that is stifling continued US growth,” said Andrew Miller. …”Canadian softwood lumber companies, not U.S. consumers, directly pay the import duties through their U.S. subsidiaries. …”Canada is desperately trying to avoid paying their bill to the US taxpayers. …They are suggesting relieving Canada from having to pay future duties while continuing to dump their excess lumber into the US market,” added Zoltan van Heyningen.

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Canfor’s 77%-owned subsidiary, Vida AB, expands with Swedish Acquisition

Canfor Corporation
July 22, 2025
Category: Business & Politics
Region: Canada, United States, International

VANCOUVER, BC – Canfor announced today that its 77%-owned subsidiary, Vida AB, has entered into an agreement to purchase AB Karl Hedin Sågverk from Mattsbo Såg AB and certain minority shareholders for a purchase price of $164 million, including working capital of ~$39 million. AB Karl Hedin Sågverk operates three sawmills located in Central Sweden and will add approximately 230 million board feet to Vida’s annual production capacity. Following completion of this acquisition, Vida will have annual production capacity of approximately 2.1 billion board feet. Annual synergies of approximately $15 million are expected to be achieved within three years as a result of this transaction principally related to alignment of marketing programs as well as log procurement and operational practices. …These operations have access to exceptionally high-quality timber and are well positioned to complement Vida’s high-value product offering,” said CEO Susan Yurkovich. …The transaction is expected to close over the next several months.

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Carney to brief premiers on US trade discussions as Trump deadline bears down

By Catherine Lévesque
The National Post
July 22, 2025
Category: Business & Politics
Region: Canada, United States

Mark Carney

OTTAWA — Prime Minister Mark Carney will be offering his update on trade talks with the White House when he sits down with the premiers Tuesday, while discussing their concerns as an Aug. 1 deadline for more tariffs rapidly approaches. Carney is joining the provincial and territorial premiers during their summer gathering in Muskoka, Ontario. …On Monday, Quebec Premier François Legault said he will tell Carney he wants protection in negotiations for supply management for the dairy, egg and poultry sectors. BC Premier David Eby has said he hoped Carney would kick off trade discussions by trying resolve the softwood lumber issue, which has been a trade irritant between Canada and the U.S. for decades. Carney recently said he thought it unlikely that there wouldn’t be at least some tariffs in any deal struck before Aug. 1, though most of Canada’s trade with the U.S. is protected by the Canada-U.S.-Mexico Agreement.

Related coverage in:

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Kruger announces plan to diversify Corner Brook Pulp and Paper

By Diane Crocker
The Telegram
July 24, 2025
Category: Business & Politics
Region: Canada, Canada East

Kruger is proposing to invest up to $700 million to transform its paper mill in Corner Brook into a modernized and sustainable manufacturing complex. Kruger said the comprehensive diversification strategy to secure future operations of Corner Brook Pulp and Paper, which is contingent on timely endorsement by key industry partners. The company said the project will promote the expansion of the provincial sawmill industry, provide energy and power capacity for NL Hydro, while sustaining jobs for Corner Brook and the provincial forestry sector. The proposed plan will also create a significant number of jobs during the construction phase. …The project will modernize the paper manufacturing operations, add a new pulp storage facility, upgrade site infrastructure, implement chip handling and receiving equipment, and install a biomass unloading and drying system for the cogeneration facility. It will also include investments at the Deer Lake and Watsons Pond hydro facilities to maximize their capacity.

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Nova Scotia waiting on cleanup plan from Northern Pulp for defunct mill

By Taryn Grant
CBC News
July 24, 2025
Category: Business & Politics
Region: Canada, Canada East

Northern Pulp is abandoning its plans in Nova Scotia, but the province is still counting on the company to decommission its old mill and clean up the site in Pictou County that was used for heavy industrial activity for more than half a century. Environment Minister Tim Halman says his department is waiting for the company to file a reclamation plan. …Northern Pulp had been pursuing a new mill in Liverpool, and had said it would maintain the old mill for “potential logistics operations.” But the plan for a new mill was abandoned earlier this month. In a settlement agreement, Northern Pulp agreed to pay up to $15 million to the province for the mill’s closure and any necessary cleanup. …(However), it must first pay off hundreds of millions of dollars owed to its creditors as part of an insolvency process being handled in a BC court.

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US, EU agree to framework for trade deal that puts 15% tariff on European goods

By Andrew Gray and Andrea Shalal
Thomson Reuters in CBC News
July 27, 2025
Category: Business & Politics
Region: United States, International

The United States has struck a framework trade deal with Europe, imposing a 15% US import tariff on most EU goods and averting a spiralling row between two allies who account for almost a third of global trade. The announcement came after European Commission President Ursula von der Leyen travelled for talks with U.S. President Donald Trump at his golf course in western Scotland to push a hard-fought deal over the line. …The deal also includes $600 billion US of EU investments in the United States and significant EU purchases of US energy and military equipment. However, the baseline tariff of 15% could be seen by many in Europe as a poor outcome compared to the initial European ambition of a zero-for-zero tariff deal, although it is better than the threatened 30% rate. The deal mirrors parts of the framework agreement the United States clinched with Japan last week.

Related coverage in: 

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US Trade Commission Votes To Continue Investigations on Hardwood and Decorative Plywood

Decorative Hardwoods Association
July 24, 2025
Category: Business & Politics
Region: United States, International

The US International Trade Commission (USITC) determined that there is a reasonable indication that a US industry is materially injured by reason of imports of hardwood and decorative plywood from China, Indonesia, and Vietnam that are allegedly sold in the United States at less than fair value and subsidized by the governments of China, Indonesia, and Vietnam. …As a result of the Commission’s affirmative determinations, the US will continue its investigations of imports of hardwood and decorative plywood, with its preliminary antidumping duty determinations due on or about October 29, 2025, and its preliminary countervailing duty determinations due on or about August 15, 2025. The Commission’s public report, Hardwood and Decorative Plywood from China, Indonesia, and Vietnam will contain the views of the Commission and information developed during the investigations. The report will be available by August 11, 2025.

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Trump’s USDA to scatter half its Washington staff to field offices. Critics see a ploy to cut jobs

By John O’Connor and Sarah Raza
The Associated Press
July 24, 2025
Category: Business & Politics
Region: United States

SPRINGFIELD, Illinois — The US Department of Agriculture will move thousands of employees out of the nation’s capital in a reorganization the agency says will put them closer to customers while saving money, Agriculture Secretary Brooke Rollins said Thursday. Around 2,600 workers — more than half the Washington, D.C. workforce — will be moved to five hubs stretching from North Carolina to Utah, Rollins said. The union representing federal workers immediately criticized the plan as a ploy to cut federal jobs, pointing out that some 95% of the department’s employees already work outside Washington. The move is part of President Donald Trump’s effort to make the federal government slimmer and more efficient, which received a Supreme Court boost this month. Sen. Amy Klobuchar demanded that department officials appear before the Senate to explain their thinking.” …In the Washington region, the department will vacate three buildings and examine the best use of three others.

USDA Press Release: Secretary Rollins Announces USDA Reorganization, Restoring the Department’s Core Mission of Supporting American Agriculture

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Dormant Grays Harbor pulp mill fined $2.3 million for toxic chemical spills

By Ann Duan
The Olympian
July 22, 2025
Category: Business & Politics
Region: United States

The Washington State Department of Ecology announced that it is fining a Cosmopolis pulp mill owner a total of $2.3 million for ecological damage caused by toxic chemical leaks from the defunct facility. The owner has 30 days to pay the fine or appeal to the Pollution Control Hearings Board. The Cosmo Specialty Fibers pulp mill, once a Weyerhaeuser specialty cellulose mill, shuttered its operations in 2022, but the facility’s non-operational storage tanks have leaked toxic chemicals ever since. …The site’s owner [Richard Bassett] has been issued several notices to address dangerous spills for almost a decade, but the Department’s request has consistently been met with inaction. …In April, Bassett said he intends to reconcile with the state after he reopens operations at the mill. …Bassett’s track record shows an interest in Northwest towns with decrepit pulp mills. His past ventures include an unsuccessful attempt 20 years ago to reopen the Port Alice mill in British Columbia.

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Port Angeles City Council wants full cleanup of the Rayonier Mill site

By Emily Hanson
Peninsula Daily News
July 24, 2025
Category: Business & Politics
Region: United States, US West

City Council

PORT ANGELES, Washington — The Port Angeles City Council is in favor of a complete, timely cleanup of the Rayonier Mill site. The council voted 5-0 to direct staff to write to the state Department of Ecology following a special meeting Tuesday night. Deputy Mayor Navarra Carr said… “Ecology has failed and taken advantage of Port Angeles, adding that the city needs to hold its elected officials and department heads responsible and make sure Rayonier fulfills its obligations to the people of Port Angeles”. …On July 8, Ecology proposed a cleanup which would take the contaminated soil and pile it up on 10 acres under a cap of clean gravel, geotextile fabric and then clean soil to support vegetation. …That option wasn’t good enough. …The city is supporting removing all of the contaminated soil from the site and truck it to a landfill designed to handle toxic soil.

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Lionel Landry, former SFPA President, died July 15. He was 85

Southern Forest Products Association
July 22, 2025
Category: Business & Politics
Region: United States, US East

Lionel Landry

Lionel Landry, a former president of the Southern Forest Products Association and the longest-serving director of the Forest Products Machinery & Equipment Exposition (EXPO) who worked at SFPA from 1966-2005, passed away Tuesday, July 15. He was 85. Lionel began his career with the Southern Pine Association (which became SFPA in 1970) in 1966 as office manager. He was promoted to corporate secretary and EXPO director three years later. …Lionel served as director of 18 EXPOs from 1967-2001, which included 10 in Atlanta and five in New Orleans. During that time, he assisted Keith Judkins on the 14th EXPO, then John Zin with the 15th and 16th EXPOs. Lionel succeeded Karl Lindberg as SFPA president in 2003 and retired December 31, 2005, at which time Digges Morgan took over. …Lionel also served as chairman of the International Association of Exhibitions & Events (IAEE) in 1973.

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UPM to end paper production in Lappeenranta, Finland. Plans to shift production to Rauma mill

UPM.com
July 24, 2025
Category: Business & Politics
Region: International

FINLAND — Driven by structural overcapacity in the graphic paper markets and the need to ensure long-term competitiveness of its operations, UPM Communication Papers plans to end paper production at UPM Kaukas paper mill, Finland, reducing the annual production capacity of coated mechanical paper by 300,000 tonnes. The shutdown of the paper machine is planned for the end of the year 2025. UPM’s pulp, sawn timber and biofuels production and R&D activities at UPM Kaukas integrate will continue as before. Decisions on final plans would be made after the co-determination processes have been concluded in line with local legislation in Finland. Should the plans be implemented the number of employees affected at UPM Kaukas paper mill is estimated at 220. 

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Finance & Economics

Lumber Furtures Trade Above $680

Trading Economics
July 23, 2025
Category: Finance & Economics
Region: Canada, United States

Lumber futures traded above $680 per thousand board feet, approaching the two-and-a-half-year peak of $685 recorded on March?24th, driven by a squeeze on supply meeting unfaltering construction demand. On the demand front, US housing starts held surprisingly steady at an annualized 1.6?million units in June even as existing-home sales slipped 2.7% to a nine-month low, ensuring that framing requirements remained robust. At the same time, US softwood lumber tariffs on Canadian imports continue to add roughly 9% to landed costs, while Pacific Northwest mills have withdrawn nearly 20% of regional capacity for mid-season maintenance, sharply curtailing shipments to distributors. Internationally, imports from Europe and New?Zealand are throttled by 25% duties on Russian lumber and persistent ocean-freight bottlenecks, collectively depleting distributor inventories to their lowest levels in more than two years and reinforcing today’s sharp advance in futures prices. [END]

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Lethargic sales in most framing lumber markets despite anticipation of increased duties on imports from Canada

By Joe Pruski
RISI Fastmarkets
July 23, 2025
Category: Finance & Economics
Region: Canada, United States

Lumber markets remained flat this week as vacation time, industry gatherings, sweltering heat and general economic uncertainty contributed to sluggish sales. Minimal immediate needs limited replenishment purchases to modest volumes while a lack of clarity regarding near-term prospects stifled speculative trading across North American framing lumber markets. 2×4 led gains in many species, but the increases were modest. Seasonal factors, including unusually heavy rainfall and normal summer heat, contributed to the ongoing sluggish pace across the South. Mills worked hard to capture modest premiums. The coming hike in duties on Canadian shipments to the US did little to alter the ongoing lack of urgency among buyers. …Sales of Western S-P-F were governed by tepid demand and uncertainty regarding the timing and scope of higher duties and potential tariffs. …Sales in the Coast region were lukewarm with most lumber markets trends holding. 

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Trade panel remands Commerce’s antidumping methods in softwood lumber dispute

CUSMA Panel Review
July 23, 2025
Category: Finance & Economics
Region: Canada, United States

A CUSMA Chapter 10 binational panel remanded [for further explanation] two statistical methodologies in the US Department of Commerce’s Administrative Review 1 antidumping duty determination on Canadian softwood lumber, requiring Commerce to reassess its use of the Cohen’s d test and to apply weighted pooled variances in its meaningful-difference analysis according to the panel’s Decision and Order. …The panel affirmed all other aspect of the results challenged in this appeal…The review stems from a December 22, 2020 request by Resolute Forest Products and the Ontario Forest Industries Association. …The panel remanded Commerce’s application of Cohen’s d because the Federal Circuit’s decision in Marmen Inc. v. United States Wind Tower Trade Coalition requires that the test’s key assumptions, normal data distribution, equal variances and adequate sample size, be demonstrated before use. …The panel also remanded Commerce’s pooling of variances, directing the Department to use weighted pooled variances that reflect differing sample sizes. …Commerce must respond by October 20, 2025.

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West Fraser Timber reports Q2, 2025 loss of $24 million

West Fraser Timber Co. Ltd.
July 23, 2025
Category: Finance & Economics
Region: Canada, United States

VANCOUVER, BC — West Fraser Timber reported the second quarter results of 2025. …Second quarter sales were $1.532 billion, compared to $1.459 billion in the first quarter of 2025. Second quarter earnings were $(24) million compared to earnings of $42 million in the first quarter of 2025. Second quarter Adjusted EBITDA was $84 million compared to $195 million in the first quarter of 2025. Highlights include: Lumber segment Adjusted EBITDA1 of $15 million; North America Engineered Wood Products (“NA EWP”) segment Adjusted EBITDA1 of $68 million; Pulp & Paper segment Adjusted EBITDA1 of $(1) million; and Europe Engineered Wood Products (“Europe EWP”) segment Adjusted EBITDA1 of $2 million. “Demand for many of our wood-based building products slowed in the second quarter as spring building activity fell short of our expectations. This was more acute in our NA EWP segment, which experienced further easing of demand as the quarter progressed, consistent with government data pointing to softer U.S. new home construction,” said CEO Sean McLaren.

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Canada tariffs could add $14,000 to the cost of building a home by 2027, report warns

By Samantha Delouya
CNN Business
July 22, 2025
Category: Finance & Economics
Region: Canada, United States

President Trump’s tariffs could have an unintended side effect: making homeownership even less affordable for many Americans. A new report from the Canadian Chamber of Commerce estimates that the average cost of building a US home could rise by an additional $14,000 by the end of 2027 if tariffs on Canadian imports remain in place, even as many experts estimate that America needs millions more affordable homes. In 2023 alone, Canada accounted for 69% of US lumber imports, 25% of imported iron and steel and 18% of copper imports, all key construction materials, the report said. The White House pushed back on the assertion that tariffs would increase costs for Americans. …The report underscores that Trump’s tariff policy, intended to support American industry, may instead worsen housing affordability. Taking into account tariffs first imposed during Trump’s first term, the total added cost from tariffs could reach $20,000 per home by 2027, the Canadian Chamber of Commerce found.

Related coverage in the Washington Examiner: Trump tariffs on Canada could increase domestic cost of homebuilding by $14,000

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Homebuilding alone won’t solve Canada’s housing crisis

By Jake Fuss and Austin Thompson
The Fraser Institute in National Newswatch
July 21, 2025
Category: Finance & Economics
Region: Canada

During April’s election campaign, the Carney government promised to double the pace of homebuilding in Canada by 2035—an unlikely outcome in light of Canada’s shortage of construction workers and investment dollars. But even if homebuilding were miraculously doubled, it would not solve Canada’s housing affordability crisis. That’s the sobering conclusion of a recent report from the Canada Mortgage and Housing Corporation (CMHC), which modelled what would happen if the rate of homebuilding between 2025 and 2035 were double what it is today. Even under this hypothetical decade-long homebuilding bonanza, average home prices would still rise by 20 per cent in Toronto (to $1.4 million) and eight per cent in Vancouver (to $1.6 million), while nationwide rents would climb by more than one-third. Housing affordability would gradually improve as incomes rise, but by 2035 it would only return to 2019 levels, when many renters and homebuyers were already struggling to afford a home.

In related Fraser Institute news: Alberta sets pace on new housing construction—rest of Canada should catch up

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Finish firm UPM reports Q2, 2025 earnings of €71 million

Reuters in Trading View
July 24, 2025
Category: Finance & Economics
Region: United States, International

Finnish forestry group UPM-Kymmene reported a 31% drop in its second-quarter operating profit, as uncertainty related to President Donald Trump’s trade policies weakened demand and the U.S. dollar. The group has five US sites for producing paper and labelling materials and it also exports products into the country, though the tariff effects were felt globally. “UPM Fibres was indirectly impacted by the escalating trade tensions. In China, orders halted during the height of the trade tensions between the US and China,” CEO Massimo Reynaudo said in the statement. …It also forecast a comparable operating profit of 425-650 million euros for the second half of 2025, up from the 413 million it had recorded in the first six months of the year.

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What the US’ 50% Tariff on Brazil Could Mean for Pulp and Paper Markets

ResourceWise Forest Products Blog
July 17, 2025
Category: Finance & Economics
Region: United States, International

On July 9, 2025, US President Trump announced plans to impose a 50% tariff on all imports from Brazil, with the new policy slated to take effect August 1, 2025. …The Brazilian government stated it would take reciprocal measures. …The announcement has drawn attention from a wide range of industries, particularly those with significant US–Brazil trade exposure. These include forest products… Brazil is a global leader in pulp production with the US playing both a direct trade partner role and a downstream consumer of Brazilian fiber-based materials. …Brazil produces 29% of the global market pulp capacity. This means many countries rely on imports from Brazil to support domestic demand across paperboard, packaging, hygiene, and tissue segments. …For US companies, Brazilian hardwood pulp is a crucial feedstock for high-performance and cost-effective paper production. Any shift in trade policy—such as a potential 50% tariff—could dramatically alter sourcing economics, disrupt supply agreements, and push buyers to reassess supplier portfolios.

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America’s largest homebuilder D.R. Horton isn’t seeing an acceleration in softening

By Lance Lambert
ResiClub Analytics
July 23, 2025
Category: Finance & Economics
Region: United States

On Tuesday, D.R. Horton—America’s most valuable and largest homebuilder, with a $46 billion market capitalization and ranked No. 123 on the Fortune 500—reported its third-quarter earnings for the three months ending June 30. While D.R. Horton’s earnings didn’t wow investors, the fact that there wasn’t an accelerated softening beyond what homebuilders—including D.R. Horton—had already reported earlier this year was enough for some Wall Street investors to buy back into homebuilder stocks. …COO Michael Murray says, “It [higher duties on Canadian lumber] will have some potential impact, but we’ve not quantified that. I know it is a significant step up in the tariff rates, I think, going to effect next month. But, you know, we’re buying some percentage of that wood and there’s some substitutionary product that would be available as well. Based on where that pricing ultimately settles.”

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Top 10 Builder Market Share Across Each of the 50 Largest US Markets

By Sarah Caldwell
NAHB Eye on Housing
July 22, 2025
Category: Finance & Economics
Region: United States

An earlier post described how the top 10 builders1 in the country captured a record 44.7% of new single-family closings in 2024. BUILDER Magazine has now released additional data on the top ten builders within each of the 50 largest new home markets in the U.S., ranked by single-family permits. It is important to note that this post does not focus on the top ten largest home builders nationally; instead, it analyzes the top ten list within each of the largest 50 new housing markets. The 2024 data show that the top 10 builder concentration in the 50 largest markets ranged from 38.9% in Kansas City, MO-KS to 97.8% in Cincinnati, OH. In 11 metro areas, the top ten builders’ market share exceeded 90%. Across all 50 metro areas, the average market share of the top 10 builders was 79.3%, up from 78.2% in 2023.  

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The Conference Board Leading Economic Index for the US Declined in June

The Conference Board
July 21, 2025
Category: Finance & Economics
Region: United States

The Conference Board Leading Economic Index® (LEI) for the US declined by 0.3% in June 2025 to 98.8 (2016=100), after no change in May. As a result, the LEI fell by 2.8% over the first half of 2025, a substantially faster rate of decline than the –1.3% contraction over the second half of 2024 “The US LEI fell further in June,” said Justyna Zabinska-La Monica at The Conference Board. “For a second month in a row, the stock price rally was the main support of the LEI. But this was not enough to offset still very low consumer expectations, weak new orders in manufacturing, and a third consecutive month of rising initial claims for unemployment insurance. In addition, the LEI’s six-month growth rate weakened, while the diffusion index over the past six months remained below 50, triggering the recession signal for a third consecutive month. 

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Weyerhaeuser reports Q2, 2025 net earnings of $87 million

Weyerhaeuser
July 24, 2025
Category: Finance & Economics
Region: United States, US West

SEATTLE — Weyerhaeuser reported second quarter net earnings of $87 million on net sales of $1.9 billion. This compares with net earnings of $173 million on net sales of $1.9 billion for the same period last year and net earnings of $83 million for first quarter 2025. …Adjusted EBITDA for second quarter 2025 was $336 million, compared with $410 million for the same period last year and $328 million for first quarter 2025. “Our teams delivered solid operating performance in the second quarter,” said CEO Devin W. Stockfish. …Weyerhaeuser anticipates third quarter earnings before special items will be approximately $60 million lower than the second quarter and Adjusted EBITDA will be approximately $80 million lower than the second quarter due to the timing and mix of real estate sales. 

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Stora Enso beats quarterly profit view, flags challenging market conditions in 2025

Stora Enso
Reuters
July 22, 2025
Category: Finance & Economics
Region: International

Finnish forestry group Stora Enso’s quarterly operating profit beat estimates on Wednesday, but the company expects subdued and volatile demand to persist through the rest of 2025. Stora Enso expects an adverse impact of “around or somewhat above” 100 million euros on the full-year adjusted earnings before interest and taxes, due to the scaling up of a new consumer packaging board line at the Oulu site. The ramp-up had an impact of about 50 million euros in the second quarter. …The company’s adjusted operating profit, or EBIT, fell to 126 million euros ($147.8 million) in the second quarter, above analysts’ 122.7 million euro forecast, according to a poll by Vara Research. Its shares rose 5% in afternoon trading, while domestic peer UPM was up around 2%.

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Forestry

An Interview With Lori Daniels: On Controlling Fire, New Lessons from a Deep Indigenous Past

By Nicola Jones
Yale Environment 360
July 24, 2025
Category: Forestry
Region: Canada, Canada West

Lori Daniels

Climate change is extending the season during which hot and dry weather encourages fire across North America. At the same time, a long post-settlement history of stamping out wildfires has changed much of the continent’s landscape: …Forest ecologist Lori Daniels, at the University of BC, has found evidence in tree rings for surprisingly high rates of fires before the early 1900s, thanks to the Indigenous use of fire to manage huge swaths of forest. In BC, after European settlers put an end to burning, much of the forest changed dramatically: In one study site, Daniels and her colleagues have documented 200 to 775 trees per hectare — more than four times the historical average of 50 to 190 trees. North America, researchers say, is running a “fire deficit.” Daniels is one of many ecologists now advocating for a return of more beneficial fire to the landscape in order to break up the forest and prevent catastrophic wildfires. 

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Thompson River University joins national effort to build wildfire resilience

By Thompson River University
Castanet
July 23, 2025
Category: Forestry
Region: Canada, Canada West

KAMLOOPS, BC — Thompson Rivers University (TRU) is playing a key role in strengthening wildfire resilience in Canada through the newly established Wildfire Resilience Consortium of Canada (WRCC). The WRCC is supported by an $11.7 million investment over four years from the Government of Canada through the Wildfire Resilient Futures Initiative. …The WRCC will act as a national virtual network, bringing together Indigenous knowledge holders, researchers, practitioners and industry leaders to enhance wildfire resilience by advancing knowledge sharing, technology, and Indigenous fire stewardship across jurisdictions. TRU joined the consortium in partnership with the BC Wildfire Service (BCWS) and shares a seat as one of five foundational partners. Others include the Institute for Catastrophic Loss Reduction, FPInnovations, the National Indigenous Fire Safety Council and the Forest Products Association of Canada. …For more on the WRCC and its network, please see the announcement from Natural Resources Canada.

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Lake Babine Nation and West Fraser Partnership Strengthens BC’s Forest Sector

West Fraser Timber Co. Ltd.
July 24, 2025
Category: Forestry
Region: Canada, Canada West

VANCOUVER, BC — West Fraser Timber and the Lake Babine Nation Forestry Limited Partnership (LBN Forestry) welcomed the announcement by the Government of BC approving the creation of a new First Nations Woodland Licence in the Smithers area. The licence, created from timber tenures contributed by West Fraser and LBN Forestry, will be held by LBN Forestry which is owned by the Lake Babine Nation. …To enable the creation of the new tenure, West Fraser contributed portions of its licence volume held in the Bulkley and Morice Timber Supply Areas, to help create a meaningful area-based licence. Additional volume was made available through the Government-held, BC Timber Sales, helping enhance the licence’s scope and potential impact. …Sean McLaren, President and CEO of West Fraser said “This milestone recognizes Lake Babine Nation’s role as the resource steward in its traditional territory and reflects our shared commitment to sustainable forestry.”

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‘Special circumstances’ allow contractor’s appeal notice to be filed

By Bob Mackin
The Penticton Herald
July 22, 2025
Category: Forestry
Region: Canada, Canada West

A contractor’s appeal of a B.C. Wildfire Service (BCWS) order to pay more than $1.8 million in compensation and penalties will be heard after a May 22 decision by the Forest Appeals Commission. Panel chair Ian Miller found “special circumstances” led to last summer’s two-day delay in filing a notice to appeal and granted the extension to Jaikle Contracting. “The delay was brief, the explanations and reasons are reasonable and credible, and there would be substantial prejudice to the appellant if the right to appeal is denied,” said Miller’s ruling. On July 12, 2024, designated decision maker Laurence Bowdige of BCWS issued a contravention order against Jaikle, under the Wildfire Regulation, for harvesting timber near Mackenzie in August 2021. “Specifically, that the appellant did not keep an adequate fire suppression system at the activity site while carrying out a high-risk activity within 300 metres of forest land,” said the Miller ruling.

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The Fix Our Forests Act prioritizes industry over nature

By Rob Lewis
The Hill
July 24, 2025
Category: Forestry
Region: United States

America’s public forests are under assault. We have already seen the massive timber harvests called for by President Trump’s executive order, the elimination of the Roadless Rule, and the gutting of wildlife protection efforts. Those are the broad stokes, but there are also finer maneuvers underway, such as abandoning the traditional practice whereby forest personnel paint-mark the trees selected for cutting, handing those decisions over instead to the timber companies themselves. Or the various subsections that keep popping up in the “Big Beautiful Bill” — for example, giving timber companies an option to pay for hastened environmental review and defunding endangered species recovery efforts. It also arbitrarily requires the Forest Service to increase harvests by 250 million acres annually for nine years. This is the context within which we must now view the Fix Our Forests Act, a logging-in-the-name-of-fire-prevention bill, stuffed with provisions that significantly override scientific and citizen review.

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Potential Repeal of Roadless Rule Could Permanently Damage Midwest National Forests

By Sarah Mattalian
Inside Climate News
July 22, 2025
Category: Forestry
Region: United States

Brooke Rollins

Following the US Department of Agriculture’s rescission of a longstanding rule that protects thousands of acres of national forests against logging, experts say that the repeal would not only damage natural beauty, but also ignores the interests of Midwest residents and industries. …“This rollback of the rule harms all of the other uses of the national forests besides timber. It’s going to result in less wildlife habitat, less recreational opportunities for the American people, more sediment loading to surface waters. It’s just harmful all the way around, unless you’re in the logging industry or forest products industry,” said Andy Olsen, senior policy advocate at the Environmental Law and Policy Center. The rule still has to go through administrative procedures such as a public comment period and congressional hearings before it is officially repealed.

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Trump admin plans ‘sprint’ on lifting logging bans

By Marc Heller
E&E News
July 21, 2025
Category: Forestry
Region: United States

The Trump administration aims to end the prohibition on logging on tens of millions of acres of roadless areas in national forests by the end of next year, according to a draft schedule at the Forest Service. The draft timeline… sets a schedule for drafting the new policy, conducting public comment sessions and consulting with tribes before making a final decision in November or December of 2026. Agriculture Secretary Brooke Rollins has already said she’s decided to rescind the roadless-area protections, which have blocked road construction, timber harvesting. The rule applies on 58.5 million of the forest system’s 193 million acres, with Alaska’s Tongass National Forest having the most in any one place. In a June 23 statement, Rollins said, “Once again, President Trump is removing absurd obstacles to common sense management of our natural resources by rescinding the overly restrictive roadless rule.” [to access the full story an E&E News subscription is required]

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Governor Evers urges Trump to reverse course on cuts to staff, programs affecting Wisconsin’s forestry industry

WisPolitics
July 22, 2025
Category: Forestry
Region: United States, US East

Tony Evers

MADISON — Governor Tony Evers sent a letter to US Department of Agriculture Secretary Brooke Rollins and the Trump Administration urging immediate action to reverse the administration’s misguided cuts to key investments and staff at the USDA that will negatively impact Wisconsin’s forestry industry. The letter is the second in recent months that Gov. Evers has sent to the Trump Administration. …Gov. Evers strongly opposed reported reductions in US Forest Service programs that support states in order to cover the costs of purging USDA of its expert workforce. The letter comes after Wisconsin officials were recently warned by USFS officials to expect less funding from the Urban and Community Forestry grant program. …The move represents a twofold blow for states like Wisconsin that depend heavily on forests for economic success.

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Forestry union head blames lack of training for deadly wildfire in Türkiye

Türkiye Today
July 25, 2025
Category: Forestry
Region: International

A deadly wildfire in Seyitgazi, Türkiye that killed 10 forestry workers was the result of a lack of training and institutional expertise, a senior union leader has claimed. The accusation was made by Yusuf Kurt, president of the Agriculture and Forestry Workers Union, who said unqualified personnel were deployed to the scene, while experienced staff had been reassigned due to internal rotation policies. Kurt criticized the practice of assigning staff who had never responded to wildfires before, simply as part of internal rotation policies. “Fire has no school, but the institution used to train its own staff through in-house training centers,” he said. “Now those centers are being shut down. Sending untrained personnel into active fires leads to fatal consequences.” Emphasizing the complexity of fire management, Kurt warned that theoretical knowledge is not enough. “Fire has a language. If you cannot read it, you cannot control it,” he said. 

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Forest Stewardship Council lifts its suspension on the remedy process with Asia Pulp & Paper

Forest Stewardship Council
July 24, 2025
Category: Forestry
Region: International

At the Forest Stewardship Council (FSC) Remedy Forum held in Jakarta, a group of stakeholders and rights holders interested in the implementation of FSC’s Remedy Framework shared a clear message with FSC. They expect to see restoration outcomes scaled up and delivered. They want the implementation of remedy to pick up pace so that degraded forest landscapes are transformed and people and communities get an opportunity to heal. And they want FSC to develop robust systems that ensure verified and holistic redressal of past unacceptable activities. …After reviewing all relevant considerations, FSC is now ⁠lifting the suspension on Asia Pulp and Paper’s (APP) remedy process. …The legal review is still ongoing and FSC will publish a summary of the conclusions once completed. …Further delaying their implementation of remedy puts rights holders’ access to remedy at risk. It is in the interest of speedy delivery of remedy, at scale, that APP will take its remedy process forward. 

In related coverage by Greenpeace: FSC Risks Reputation by Lifting Suspension of APP’s Remedy Process

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Health & Safety

Arbitrator dismisses grievance, determines that West Fraser worker termination was approapriate

By Jeffrey Smith
The Canadian HR Reporter
July 24, 2025
Category: Health & Safety
Region: Canada, United States

100 MILE HOUSE, BC — West Fraser Mills (WFM) had just cause to fire a worker who violated a safety policy on May 13, 2024, and tried to minimize the risk involved, according to an arbitrator. …WFM had a lock-out procedure program and policy that were mandatory for employees performing work on energized equipment, including conveyor belts. …On May 28, WFM terminated the worker’s employment for cause. The union grieved, conceding that discipline was warranted but arguing that termination was excessive for an employee with 19 years of service and no safety-related discipline. …The arbitrator noted that the central issue as whether termination was an excessive response, pointing out that violation of safety rules constitutes a serious workplace offence and lock-out procedures are among the most important safety features in workplaces such as lumber mills. …The arbitrator also found that the worker’s conduct following the incident raised concerns over whether he would work safely if reinstated.

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