B.C. forestry group concerned about Biden’s America-first project protectionism

By Albert Van Santvoort
Business in Vancouver
February 8, 2023
Category: Business & Politics
Region: Canada, Canada West

Joe Biden

B.C.’s forestry industry says it is concerned about the America-first posture U.S. President Joe Biden struck in his State of the Union address on Feb. 8. In his speech, Biden highlighted a new policy that building materials on federal infrastructure projects would be made in America. “We are seeking to better understand what this means for Canadian producers … our focus remains on working on both sides of the border to maximize the opportunity Canada has in providing the sustainably produced, low-carbon lumber products we know Americans want and need,” said Linda Coady, president of the BC Lumber Trade Council in a statement. …While the industry is concerned about the announcement and is monitoring the situation, Paul Quinn, paper and forest products analyst with RBC Capital Markets says the impact will likely be minimal as he suspects that federal U.S. infrastructure projects make up less than 10 per cent of the market.

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