Category Archives: Business & Politics

Business & Politics

The National Association of Homebuilders Fighting to Advance Canadian Interests to the Detriment of U.S. Lumber Producers

By US Lumber Coalition
PR Newswire
March 4, 2026
Category: Business & Politics
Region: Canada, United States

The National Association of Homebuilders (NAHB) has once again demonstrated its allegiance to Canadian industry and Canadian workers by strongly backing S. 3943, a bill that would cost American jobs, destabilize the domestic supply of softwood lumber, and bolster Canada’s ability to unload its massive excess lumber capacity into the US market. “The simple fact is that S. 3943, which the NAHB champions, would do nothing to actually address the important issue of housing affordability,” stated Steve Swanson, CEO of Swanson Group, and Chairman of the US Lumber Coalition. …Said Swanson, “If the NAHB and the National Lumber and Building Material Dealers Association want a stable supply of lumber that is not impacted by duties or tariffs, the answer is to enforce our trade laws fully and effectively to allow our domestic industry to continue on its growth path. Simply put, trade law enforcement and Section 232 tariffs will further increase domestic production.”

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Upcoming Conventions, west and east, will be dealing with some very challenging forest industry issues

By Jim Stirling
The Logging and Sawmilling Journal
February 27, 2026
Category: Business & Politics
Region: Canada

At least 1,200 professionals in the business of producing, selling and distributing wood products in eastern Canada and the northeastern United States will be converging on Montreal in April. The magnet is the Montreal Wood Convention (MWC). For all 1,200 of them, the proceedings April 14-16 at the Fairmont Queen Elizabeth Hotel in Montreal will help create the foundation and direction for their wood product businesses in the coming year—despite the uncertainties that currently rule the U.S. trade relationship with Canada. …For more information contact: afortin@quebecwoodexport.com. …BC lumber producers will have plenty to talk about at the Council of Forest Industries (COFI) annual meeting and convention in April, but among the top issues will be access to fibre—the timber harvest in B.C. that feeds its sawmills is at a dismally low level, nearly 40 per cent below the Annual Allowable Cut. …For the latest information check: cofi.org

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Forest Products Association of Canada Announces New Board Leadership

Forest Products Association of Canada
March 2, 2026
Category: Business & Politics
Region: Canada

Luc Thériault

Juan Carlos Bueno

Forest Products Association of Canada (FPAC) is pleased to announce the appointment of Luc Thériault as Chair of the Board of Directors. Mr. Thériault, CEO, Pulp and Wood Products and President – Canada for Domtar, is a respected leader with over 30 years of experience in the forest products industry. Juan Carlos Bueno joins as Vice Chair of the Board. Mr. Bueno, Chief Executive Officer, President, and Director of Mercer International Inc. (Mercer Int.), has tremendous international business experience over his distinguished 30-year career. FPAC extends its heartfelt gratitude to David M. Graham, President of Weyerhaeuser Company Ltd (Canadian subsidiary), for his outstanding leadership and service as Board Chair. Mr. Graham has been a key figure in advancing FPAC’s mission and supporting Canada’s forest products sector during his tenure.

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B.C. forestry workers, other sectors hurt by tariffs to get $70M in jobs training

By Wolfgang Depner
The Canadian Press in CTV News
March 5, 2026
Category: Business & Politics
Region: Canada, Canada West

Pat Hajdu

Workers in BC’s softwood lumber industry and those in other sectors who have lost their jobs because of U.S. tariffs will benefit from almost $71 million in funding for retraining. Federal Jobs Minister Pat Hajdu and Sheila Malcolmson… made the joint funding announcement about the three year agreement. BC’s softwood lumber industry has been shedding hundreds of jobs as U.S. tariffs pile up along with the lack of fibre. “This new funding will help workers in B.C. build new skills, get back to work or take advantage of new opportunities in emerging in demand industries,” Hajdu said. “It also can help businesses retool their production.” …The federal government says 8,000 workers in BC will be eligible for the support if they have been laid off or if they are retraining to improve their job prospects. The new funding tops off existing agreements worth $400 million to support training  in BC for about 90,000.

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Western Forest Products begins loading first kiln at Chemainus value-added facility

By Western Forest Products
LinkedIn
February 23, 2026
Category: Business & Politics
Region: Canada, Canada West

CHEMAINUS, BC — The first batches of lumber are now being loaded into one of two continuous dry kilns scheduled for installation at our Value-Added Division in Chemainus. This milestone is another step in our ongoing commitment to our customers: consistent quality, dependable lead times and long-term supply reliability. The additional capacity will support increased volumes of kiln-dried products, including lumber used to produce glued laminated timber for mass timber applications. Investment in this long-term project is part of our ongoing focus on higher value products and reflects Western’s significant investments in our B.C. Coastal manufacturing operations — modernizing primary facilities, increasing kiln drying and planing capacity and expanding our engineered wood products and remanufacturing capabilities. A second continuous dry kiln will be installed later in 2026, further reinforcing these improvements. We look forward to sharing more details soon.

[END]

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Conifex restarts sawmill, secures loan under Softwood Lumber Guarantee Program

By Conifex Timber Inc.
Globe Newswire
March 4, 2026
Category: Business & Politics
Region: Canada, Canada West

Conifex Timber announced that its wholly-owned subsidiary Conifex Mackenzie Forest Products has completed a $19 million secured term loan with the Business Development Bank of Canada (BDC) under the Softwood Lumber Guarantee Program. The loan has a maturity date of July 15, 2033. …The loan allows for interest-only payments until August 2028. A portion of the loan was used to repay a bridge advance from Conifex’s existing senior secured timber lender. The balance of the loan is available for working capital and general corporate purposes. Conifex also announced that it successfully restarted its sawmill in February. With the successful completion of the term loan, the Company is progressing toward normalized operations and currently anticipates sustaining two-shift operations in the second half of 2026, subject to fibre supply conditions.

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Musqueam deal will challenge overlapping Indigenous claims across Canada

By Justine Hunter
The Globe & Mail
March 4, 2026
Category: Business & Politics
Region: Canada, Canada West

The Musqueam First Nation’s agreement with Ottawa to advance the nation’s rights and title over an area that spans the western half of Greater Vancouver will force Canada to grapple with overlapping Indigenous claims, the boundaries of civic governance, and the principles of co-operative federalism. The deal acknowledges the existence of constitutionally protected Aboriginal title and creates a framework to implement Musqueam’s rights and title in their traditional territory. It is accompanied by two other agreements that create a framework for shared decision-making over fisheries, marine stewardship and land use. Just where that title will be recognized, and what rights will be affirmed, are yet to be negotiated. The Musqueam’s traditional territory has overlapping and shared territories with its First Nation neighbours. …Ottawa’s deal with Musqueam First Nation raises alarm about property rights in Vancouver area. …Cowichan decision leads to another claim on private lands in BC. [to access the full story a Globe & Mail subscription is required]

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MP to hold town hall in Cowichan on mill closures

The Cowichan Valley Citizen
March 3, 2026
Category: Business & Politics
Region: Canada West

Jeff Kibble, MP for Cowichan-Malahat-Langford, will host a Forestry Workers Town Hall on March 5 to speak about the crisis facing workers and towns hit by mill closures. Forestry workers, union members, industry stakeholders, government representatives, and affected community members are invited to come together for the town hall, which will be held at Duncan Meadows Golf Course beginning at 6:30 p.m., and discuss the issues. The panel at the event will be chaired by Kibble, and leaders from government, industry and labour will join the discussion to listen directly to worker concerns, acknowledge the human cost of shutdowns, and work toward meaningful, community-driven solutions. He said the town hall will focus on real impacts, from job loss to community sustainability, and explore concrete steps forward, including support programs, policy reforms, and coordinated industry-government-union action.

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After the Rupture: Positioning BC and Canada in a Changing Global Trade Landscape

By the Faculty of Forestry & Environmental Stewardship
The University of British Columbia
March 4, 2026
Category: Business & Politics
Region: Canada West

March 19, 2026 | 6:30-9 PM | UBC Robson Square Theatre — Experts from the Allard School of Law (Ljiljana Biuković), Vancouver School of Economics (Torsten Jaccard), Faculty of Forestry & Environmental Stewardship (Harry Nelson), and Political Science (Stewart Prest) will explore the evolving Canada–U.S. economic relationship and what it means for Canada’s future. As the 2026 joint review of the Canada–United States–Mexico Agreement (CUSMA) approaches, Canada faces significant shifts in its most important trading relationship. From tariffs on steel to ongoing tensions in British Columbia’s forestry sector, long-standing trade dynamics are being tested and the era of predictable trade and stable multilateral rules may be coming to an end. Policymakers, industry leaders, and people interested in understanding the structural changes shaping Canada’s economic future are encouraged to attend. Panelists will examine emerging geopolitical realities and their implications for Canada, highlighting BC forestry as a case study on how international trade pressures are affecting local industries, workers, and communities.

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Musqueam say only federal lands in play under rights agreement with Canada

By Gordon Hoekstra
The Vancouver Sun
March 3, 2026
Category: Business & Politics
Region: Canada, Canada West

Wayne Sparrow

Any land deals that result from a recently signed agreement between the Musqueam and Canada will not affect private property, or provincial or municipal lands, the First Nation says. “Because these discussions are between Musqueam and Canada, only federal Crown lands are ever considered for potential land transfers or other negotiations,” the Musqueam Indian Band said. The First Nation added that the rights recognition agreement signed on Feb. 20 does not provide the Musqueam legal title to land. It also noted that the agreements don’t constitute a treaty or land claims agreement. But in an interview Tuesday morning, Chief Wayne Sparrow appeared to say that municipal and private lands could be on the negotiating table within Musqueam territory, just not under the latest agreement. …Nearly two weeks ago, the Musqueam signed three deals with Canada that recognize the First Nation’s Aboriginal rights… in an area that encompasses Greater Vancouver.

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Musqueam sign Aboriginal rights deals with federal government

By Gordon Hoekstra and David Carrigg
The Vancouver Sun
March 1, 2026
Category: Business & Politics
Region: Canada, Canada West

The Musqueam Indian Band and the federal government have signed three deals that recognize the First Nation’s Aboriginal rights and increase its role in fisheries and marine emergency management in an area that encompasses Greater Vancouver. The federal government said the first agreement recognized the Musqueam have Aboriginal rights including title within their traditional territory and establishes a framework for “incremental implementation” and nation-to-nation relations with Canada. The Musqueam’s traditional territory encompasses a large area including Vancouver, the North Shore, Richmond, Burnaby, and parts of Delta and Surrey, and overlaps traditional territories of other First Nations including the Squamish and Tsleil-Waututh. Crown-Indigenous Relations Canada said the agreement provides general recognition the Musqueam have Aboriginal rights and title within their territory and established a framework for negotiations to define how and where those rights and title could apply. The federal government said private lands are not affected by the agreement.

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Declaration on the Rights of Indigenous Peoples Act head departs as Eby prepares to curb court fallout

By Rob Shaw
Business in Vancouver
March 2, 2026
Category: Business & Politics
Region: Canada West

The head of B.C.’s Declaration Act Secretariat has left government on the eve of Premier David Eby’s move to change the landmark law to address court rulings that threaten private property rights. Jessica Wood, the province’s first Indigenous deputy minister, announced late last week she was departing the secretariat. “The Declaration Act was the first legislation in Canada to require consideration and alignment of provincial law with the United Nations Declaration on the Rights of Indigenous Peoples in consultation and cooperation with Indigenous Peoples,” Wood said in a post on LinkedIn. …Her departure comes as the NDP government prepares to amend DRIPA this session, in response to court rulings that have led to a public backlash over its impact on other laws and private property rights. …Priscilla Sabbas-Watts, a former vice-president of the Nuu-chah-nulth Tribal Council, will move from assistant deputy minister to acting deputy minister of the secretariat starting Monday.

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B.C. forestry sector beaten to a pulp

By Nelson Bennett
Business in Vancouver
March 3, 2026
Category: Business & Politics
Region: Canada, Canada West

Twenty years after spinning out Canfor Pulp Products as a separate entity, Canfor Corp. plans to bring it back into the fold to prevent the subsidiary from sinking. …Since December, its stock has plunged to about $0.50 per share. A March 6 shareholder vote on a plan of arrangement is just one of the vital signs indicating how bad 2025 was for the forestry sector in general, and BC forestry companies in particular. …But B.C. has been particularly hard hit with sawmill and pulp mill closures due to its fibre constraints and higher operating costs. The most recent high-profile mill closure in BC was the Domtar  pulp mill in Crofton at the end of December. BC pulp mills rely on wood chips from sawmills to produce pulp. But so many sawmills have permanently shuttered in B.C. in the last few years that pulp mills now struggle to find enough fibre to run their mills.

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Castlegar’s Kalesnikoff Lumber gets $5.5 million in federal tariff funding

By Betsy Kline
Castlegar News
March 2, 2026
Category: Business & Politics
Region: Canada, Canada West

Canada’s minister of housing and infrastructure Gregor Robertson was in Castlegar to announce more than $13 million in investments for ten Regional Tariff Response Initiative projects across BC’s Southern Interior. The tariff response initiative is a $1 billion national program aimed at helping businesses adapt to tariffs and new economic and trade realities. …Kalesnikoff Lumber is receiving $5.5 million of the announced funding in the form of a “repayable investment” or interest-free loan. …The company will use the money to purchase new equipment to increase the manufacturing capacity of prefabricated components that can be used to build everything from multi-family housing to schools and commercial buildings.

  • Porcupine Wood Products, based in Salmo, will receive $583,000 to purchase new equipment that will speed production, improve product consistency and increase the value gained from each log.
  • Independent Lumber Manufacturers Association will receive $862,000 to deliver an AI and digital modernization program for its member mills.
  • Forest Product Association of Canada will receive $974,000 to develop a digital intelligence platform that will reduce transportation delays and improve supply chain reliability.
  • Axis Forestry ($590,000), Command Industries ($730,000), Heartland Economics ($644,000), Rapid-Span ($828,000), Simolo Customs ($1.56 million) and SKYTRAC ($762,000).

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Government of Canada strengthening industries and businesses in B.C.’s Southern Interior

By Pacific Economic Development Canada
Government of Canada
March 2, 2026
Category: Business & Politics
Region: Canada, Canada West

CASTLEGAR, BC — The Honourable Gregor Robertson, Minister of Housing and Infrastructure and Minister responsible for Pacific Economic Development Canada announced an investment of more than $13 million for ten Regional Tariff Response Initiative (RTRI) projects across BC’s Southern Interior. As part of the RTRI, these investments are in sectors that have been particularly affected by global trade disruptions – such as forestry, equipment manufacturing and value‑added wood manufacturing. The investments support individual companies as well as sector‑wide efforts to improve transportation reliability, supply‑chain visibility, and access to domestic and global markets. More details about all the investments announced today can be found in the backgrounder. …Chris Kalesnikoff, President and CEO, Kalesnikoff said “Today’s funding announcement will allow us to further expand our existing unique capacity to build and deliver modular timber housing, classrooms, commercial spaces and other buildings precisely, affordably and efficiently.”

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A timeline of the Crofton mill

By Eric Richards
The Discourse
February 26, 2026
Category: Business & Politics
Region: Canada, Canada West

On Dec. 2, 2025, Domtar announced it would permanently close Crofton’s nearly 70-year-old mill citing a lack of affordable fibre in BC and rising cost of materials. In response, the Municipality of North Cowichan created a Community Transition Table to coordinate union leadership, worker support and discussions on the future of the mill site. …The Discourse has compiled a timeline of major events at the Crofton mill to help understand the historical context of the latest mill closure. …1957: The mill opens and BC Forest Products (BCFP) told the citizens of Crofton it would employ 300 people and have an annual payroll of $1.5 million. Crofton was chosen as the location for the mill after an “extensive” three year survey by BCFP found the Cowichan River had adequate water supply for the mill. 1963: BCFP announced an $18.5 million expansion of the Crofton mill to expand the capacity to produce paper for its second newsprint machine.

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Squamish, 100 Mile House mayors want to save railway that connects South Coast to the Interior

By Tom Summer
CBC News
February 28, 2026
Category: Business & Politics
Region: Canada West

The mayors of Squamish and 100 Mile House, B.C., want to see the railway linking their two communities preserved. CN Rail is responsible for the maintenance and upkeep of a portion of B.C.’s rail network between Squamish and Exeter, just northwest of 100 Mile House. In July 2025, the national rail operator said it provided notice of its intent to discontinue those operations. 100 Mile House Mayor Maureen Pinkney says her town is working with several other municipalities to make a business case for the railway, and have hired a consultant to research the details. The rail line goes through an industrial park in 100 Mile House, explained Pinkney, connecting industries like forestry. The town’s oriented strand board plant shut down in 2019 and West Fraser closed its lumber mill at the end of last year, but Pinkney said there’s still fibre that can be utilized for other wood products.

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Canfor rejects First Nations bid for its Houston holdings

By Rod Link
Houston Today
February 26, 2026
Category: Business & Politics
Region: Canada, Canada West

HOUSTON, BC –Houston area First Nations were in talks to buy Canfor’s now-closed Houston sawmill and timber tenure throughout last fall, only to have an offer rejected in December, says the chief councillor from the Lake Babine Nation. “Canfor shut down all talks at once,” said Wilf Adam last week. “They did not like the price. That was it.” The company has been trying to sell its Houston and area holdings after years of rolling openings and closures in response to overall market pressure and high operations costs at the mill. …There was hope in the spring of 2023 when… but that hope was quashed in the spring of 2024 when the company announced it was shelving the prospect of a new mill. It then began looking for a buyer for the mill and tenure.

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Ottawa accused of preferential treatment with coming rail subsidies for steel, lumber

By Nick Murray
The Canadian Press in the Times Colonist
March 5, 2026
Category: Business & Politics
Region: Canada, Canada East

OTTAWA — The federal government is being accused of creating an uneven playing field in Canada’s shipping industry, and critics claim the Prime Minister’s Office is unwilling to rectify it. Later this spring, Ottawa is expected to launch a federal subsidy program to help reduce the cost of shipping lumber and steel between provinces by 50%. But the subsidies — promised by Carney back in November — will only go to rail companies. “We support this initiative to give a boost to those Canadian industries. But what we were asking was for parity because many destinations and commodities, only maritime transport can handle that,” said Etienne Duchesne, business development project manager at Desgagnés, a maritime shipping company based in Quebec. …In the House of Commons last week, Bloc Québécois MP Claude DeBellefeuille said the government was creating “unfair competition between rail transportation and marine transportation,” putting jobs and supply chains at risk.

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Cascades invests $6.9 million in its Kingsey Falls uncoated recycled boxboard plant

By Cascades Inc.
Cision Newswire
March 5, 2026
Category: Business & Politics
Region: Canada, Canada East

KINGSEY FALLS, Quebec — Cascades announced it has invested $6.9 million in its Kingsey Falls uncoated recycled boxboard manufacturing plant (Papier Kingsey Falls) to increase its equipment’s production capacity and product quality. Since last September, Cascades has installed several new pieces of equipment to improve sheet quality control. …”This project will enable us to increase our capacity and remain a valued partner for our customers,” said Hugues Simon, President and CEO of Cascades. “It underscores our unwavering commitment to investing in our assets in Quebec to accelerate our growth.” Commissioned in 1972, this Kingsey Falls plant currently serves the industrial and food packaging markets. It currently boasts 68 employees.

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No word on the future of the Ear Falls sawmill

By Tim Davidson
Your Kenora.ca
March 2, 2026
Category: Business & Politics
Region: Canada, Canada East

EAR FALLS, Ontario — No news is not good news when it comes to the future of the sawmill in Ear Falls. Mayor of the community Kevin Kahoot says he’s supposed to talk with Interfor, the owner of the mill, this week. “We have regular conversations in the last few months…every couple of weeks,” says Kahoot. “It’s been kind of status quo recently. They keep pushing markets and tariffs and those kinds of things. But I don’t see a lot of movement maybe until springtime.” The sawmill shut down indefinitely back in October throwing 150 people out of work. [END]

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Holt government’s royalty rate change costs it $45M in revenue

By Adam Huras
The Telegraph-Journal
March 1, 2026
Category: Business & Politics
Region: Canada, Canada East

New Brunswick royalty revenues have plummeted by $45 million. It’s a figure that has forestry royalties on track to come in at an historic low in the current fiscal year. And it was a decision to significantly cut royalty rates made quietly by the Holt government last July that’s behind it. That’s as the government suggests it’s a move that’s successfully sheltered the industry from curtailments and closures that are being felt across the country. …The province moved to overhaul timber royalty rates in 2022 after acknowledging its former policy of charging forestry companies a flat rate for wood cut in public forests had failed to take advantage of a two-year explosion in international lumber prices. A new system created under the former Higgs government allowed for rates to rise and fall with the prices of various wood-based commodities. “As forest product markets improve in the future, royalty rates will index upwards,” Herron said.

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Canada built its forest industry for one customer. Northern Ontario knows the cost — and the way forward

By Jordan Solomon, president-CEO of Ecostrat
Northern Ontario Business
February 27, 2026
Category: Business & Politics
Region: Canada, Canada East

Jordan Solomon

Northern Ontario has lived the consequences of a forest sector built around a single customer and a narrow set of commodity products. From Kapuskasing to Dryden, mill closures and curtailments have forced communities into a cycle of reaction rather than renewal — responding to external shocks rather than shaping their own economic futures. … For decades, Canada built its forest economy around a single export market and a narrow set of commodity products. That strategy has now been exposed as dangerously fragile. …Ironically, today’s global uncertainty has created a once-in-a-generation opportunity. … Capital is mobile, and companies across the biofuels, biopower, renewable chemicals, and advanced materials sectors are actively looking for stable jurisdictions in which to build new production facilities. …Canada, and Northern Ontario in particular, should be well positioned to compete. …One of the most overlooked pieces of industrial infrastructure is investment-grade data and intelligence.

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More than 20 U.S. states sue over new global tariffs Trump imposed after his stinging U.S. Supreme Court loss

By Lindsay Whitehurst And Paul Wiseman
The Associated Press in CTV News
March 5, 2026
Category: Business & Politics
Region: United States

WASHINGTON — Some two dozen states challenged U.S. President Trump’s new global tariffs on Thursday, filing a lawsuit over import taxes he imposed after a stinging loss at the Supreme Court. The Democratic attorneys general and governors in the lawsuit argue that Trump is overstepping his power with planned 15% tariffs on much of the world. …Section 122, which has never been invoked, allows the president to impose tariffs of up to 15%. They are limited to five months unless extended by Congress. The lawsuit is led by attorneys general from Oregon, Arizona, California and New York. …The new suit argues that Trump can’t pivot to Section 122 because it was intended to be used only in specific, limited circumstances — not for sweeping import taxes. It also contends the tariffs will drive up costs for states, businesses and consumers.

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Senators Introduce Bill to Lower Housing Prices by Excluding Homebuilding Materials from President Trump’s Tariffs

By Senators Chris Coons and Jacky Rosen
Woodworking Network
March 2, 2026
Category: Business & Politics
Region: United States

Chris Coons

US Senators Jacky Rosen (D-NV) and Chris Coons (D-DE) introduced a bill to exclude homebuilding materials from Trump’s tariffs that the senators say will help lower home construction costs. The Housing Tariff Exclusion Act would automatically exempt many homebuilding materials from Trump’s current and future tariffs and allow importers to apply for tariff exemptions on homebuilding materials that aren’t automatically exempted. Following the Supreme Court’s decision declaring many of the president’s broad, cost-raising tariffs illegal, President Trump doubled down and implemented a new 10% tariff on global imports. The new tariffs increase the cost of critical homebuilding materials, which will make it more expensive to build new housing and address the shortage of affordable units in Delaware. …The National Association of Home Builders, which supports the bill. …The National Lumber and Building Material Dealers Association (NLBMDA) supports the Housing Tariff Exclusion Act.

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Judge orders refunds after U.S. Supreme Court strikes down Trump’s tariffs

By Kelly Geraldine Malone
The Canadian Press in BNN Bloomberg
March 5, 2026
Category: Business & Politics
Region: United States

A judge with the US Court of International Trade ordered refunds for companies that paid tariffs that were later struck down by the United States Supreme Court. …The Supreme Court ruling did not say whether there should be refunds, leaving companies that paid the duties to sue the federal government. In Wednesday’s decision in the New York trade court, Judge Richard Eaton said all importers who paid IEEPA duties are “entitled to the benefit” of the Supreme Court’s decision. Eaton was ruling specifically on a case brought by Atmus Filtration, a filtration company in Tennessee, but said he will be the only judge to hear cases about refunds. Eaton ordered the Trump administration to finalize import paperwork without charging companies the IEEPA tariffs. …A coalition of more than 1,000 small businesses called it a victory and called on the Trump administration to act swiftly. …The White House has not yet responded.

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U.S. likely to raise temporary global tariff rate to 15% this week, Bessent says

By Doina Chiacu
Reuters in CTV News
March 4, 2026
Category: Business & Politics
Region: United States

Scott Bessent

US Treasury Secretary Scott Bessent said that an increase in US President Trump’s new temporary global import tariff to 15% from 10% was likely to be implemented sometime this week. The new tariff rate was announced by Trump after the Supreme Court struck down his previous global tariffs. He initially imposed the 150-day tariffs under Section 122 of the Trade Act of 1974 at 10%. …“During the 150 days, we will see studies from USTR on Section 301, tariffs from Commerce on Section 232,” he said, referring to other tariff authorities that have withstood court challenges. He said the effort to rebuild Trump’s tariff program under these authorities would bring US duty rates back to their prior levels within five months. “They are slow moving, but they are more robust,” Bessent said of the Section 232 national security-based tariffs and the Section 301 unfair trade practices tariffs.

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February closure announcements hit hundreds of North American packaging workers

By Katie Pyzyk
Packaging Dive
March 3, 2026
Category: Business & Politics
Region: United States, International

Fiber and glass are among the packaging substrates hardest hit by February closure and layoff announcements. Here are the North American facilities that have announced downsizing efforts:

  • Ahlstrom filed a worker adjustment and retraining notification with the state of Wisconsin over its decision to close a pulp mill and two paper machines in Mosinee. 
  • Cascades is closing a plant in York, Pennsylvania, and two in Quebec as part of the decision to exit the honeycomb paperboard and partition packaging product sectors.
  • International Paper will permanently close a container plant in Georgetown, South Carolina, by the end of this year.
  • Smurfit Westrock will close a machine at its paper mill in La Tuque, Quebec, as well as an extrusion facility in Pointe-aux-Trembles, Quebec.
  • Evergreen Recycling filed a WARN stating its intention to close its facility in Albany, New York, and another in Clyde, Ohio.

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Middle East Crisis Threatens Finland’s Forest Industry Exports

By Markku Björkman
PulpPaperNews.com
March 3, 2026
Category: Business & Politics
Region: United States, International

The escalating crisis in the Middle East could extend transport times for Finnish forest industry products to Asia by several weeks. At the same time, freight costs may rise, and container availability could become increasingly uncertain. Iran has announced the closure of the Strait of Hormuz. According to international reporting, several major shipping lines have also paused or reduced traffic through the Suez Canal, redirecting vessels around Africa via the Cape of Good Hope on routes to Asia. The Strait of Hormuz is a critical artery for global oil trade, and disruptions there primarily push up energy prices. For Finland’s forest industry, however, access through the Suez Canal is more directly decisive. Approximately 20 percent of the forest industry’s exports go to Asia, and the majority of those shipments pass through the Suez Canal, says Maarit Lindström, Director and Chief Economist at Metsäteollisuus ry. 

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Senate Bill Would Exclude Building Materials from Tariffs (except anti-dumping and safeguard tariffs)

The National Association of Home Builders
February 27, 2026
Category: Business & Politics
Region: United States

NAHB worked with Sens. Jacky Rosen (D-Nev.) and Chris Coons (D-Del.) to introduce legislation that would address the housing affordability crisis by creating an exemption process for building materials from tariffs. The Housing Tariff Exclusion Act would automatically exempt many home building materials from President Trump’s current and future tariffs and allow importers to apply for tariff exemptions on home building materials that aren’t automatically exempted. “Roughly 60% of builders have already seen cost increases due to tariffs, which means higher housing costs for American home buyers and renters,” said NAHB Chairman Bill Owens. …The Housing Tariff Exclusion Act includes the following provisions: Requires the Secretary of Commerce to establish a process for US businesses to request an exclusion from tariffs for goods used in home construction; Includes a list of products commonly used in home building; Applies to all tariffs except anti-dumping and safeguard tariffs.

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U.S. targets Chinese hardwood plywood with steep preliminary duties starting March 2

The Lesprom Network
March 2, 2026
Category: Business & Politics
Region: United States, International

The US Department of Commerce preliminarily determined that hardwood and decorative plywood from China was sold in the US at less than fair value during the period Oct. 1, 2024, through March 31, 2025, and it also made a preliminary affirmative determination of critical circumstances. Starting March 2, 2026, the publication date of the Commerce Department notice in the Federal Register, US Customs and Border Protection will begin suspending liquidation and collecting cash deposits on covered entries at the applicable rates. The notice sets an estimated weighted-average dumping margin of 187.27% for the China-wide entity and an adjusted cash-deposit rate of 185.96% for the listed producer-exporter combinations as well as for the China-wide entity. …Commerce said it plans to issue its final determination by May 10, 2026, within 75 days of the preliminary decision’s Feb. 24 signature date, after which the US International Trade Commission will decide whether the U.S. industry was materially injured by the imports.

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Hampton Lumber parts ways with CEO

By Pete Danko
Portland Business Journal
March 5, 2026
Category: Business & Politics
Region: US West

Portland based Hampton Lumber, one of the nation’s largest lumber manufacturers, confirmed on Thursday that it has parted ways with CEO Randy Schillinger. Steve Zika, vice chair of the Hampton board and its chief executive for 20 years before Schillinger was named to the position in June 2023 has served in an interim capacity since early December, the company said in an emailed statement.  [A Portland Business Journal subscription is required to access this full story]

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Dillard MDF Construction Restart Positions Roseburg for Leadership in the West

Roseburg Forest Products
March 4, 2026
Category: Business & Politics
Region: United States, US West

DILLARD, Oregon — Roseburg Forest Products announced it is restarting construction activities at Dillard MDF, a modern new medium density fiberboard (MDF) plant at the heart of the company’s long-term growth strategy and its goal to become the leading producer of MDF products in the West. As a cornerstone of Roseburg’s multi-year modernization and historic investment in southern Oregon, Dillard MDF will feature the latest generation Siempelkamp continuous press. This state-of-the-art technology converts wood residuals into high-density fiberboard (HDF) as well as traditional MDF panels and value-added products for construction, cabinetry and flooring markets. The new mill will be fully integrated into Roseburg’s Dillard complex to leverage its high-quality wood fiber and biomass energy production. …Roseburg expects to employ more than 140 people at the new MDF plant when operations begin in late 2028.

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Northwest Hardwoods to lay off 70 workers in Centralia, Washington

The Daily Chronicle
March 4, 2026
Category: Business & Politics
Region: United States, US West

CENTRALIA, Washington — Northwest Hardwoods in Centralia has filed a worker adjustment and retraining notification with the Washington state Employment Security Department indicating it will lay off 70 workers effective Thursday, March 5. The official notice had not been uploaded to the state database as of Wednesday morning, but available information shows the reason for the layoff as a “closure” and notes that the layoffs are “permanent.” Northwest Hardwoods’ local sawmill location is at 3000 Galvin Road in Centralia. Northwest Hardwoods, Inc. filed for Chapter 11 bankruptcy in 2020, seeking to eliminate $270 million in debt and financially restructure the company, which had 30 facilities across North America. Northwest Hardwoods was founded in 1967 in Portland and merged with Industrial Timber and Lumber Company in 2015. 

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Western Forest Products to expand its Fruit Valley manufacturing operation, sell Vista sawmill site

By Sarah Wolf
The Columbian
February 26, 2026
Category: Business & Politics
Region: United States, US West

VANCOUVER, Washington — Canadian-owned Western Forest Products plans to expand its Fruit Valley manufacturing operation, according to pre-planning documents submitted to the city of Vancouver. Plans show the company expects to build up to three prefabricated steel buildings and an office building, as well as demolish its existing Fruit Valley lumber drying kilns and storage buildings. “We are supporting a modest expansion of our product and service portfolio,” Babita Khunkhun, the company’s senior director of communications, said. Khunkhun said planning for the expansion will continue throughout the year. The company intends to invest in new machinery at its Fruit Valley manufacturing site and make ready-to-install fabricated glulam beams, she said. The Fruit Valley operation is currently used for secondary lumber manufacturing. …A summer blaze left the company’s Columbia Vista sawmill beyond repair according to a state layoff notification from July. The company has decided to sell that site.

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Fire destroys stacker building at Neopit wood mill; lumber inventory also damaged

WTAQ
March 3, 2026
Category: Business & Politics
Region: United States, US East

NEOPIT, Wisconsin — A Neopit wood mill is closed Tuesday after it experienced an early morning fire. Menominee Tribal Enterprises says it lost its stacker building and associated equipment. Some lumber inventory was damaged in the fire as well. All employees are safe and no injuries were reported. Production operations are closed for the day as the organization assesses the damage and begins determining the next steps for recovery and continuity of operations. The Menominee Tribal Enterprises store and main office remain open and are operating during regular business hours.

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Wisconsin’s Forests first: Launches effort to strengthen state’s forest products industry

Wisconsin State Affairs
March 2, 2026
Category: Business & Politics
Region: US East

Madison, WI — A new statewide initiative, Wisconsin Forests FIRST (Forest Industry Roadmap and Strategies for Tomorrow), has officially launched to develop a strategic plan and long-term roadmap to ensure Wisconsin’s forests remain healthy while supporting a resilient, sustainable, and competitive forest products industry. Wisconsin Forests FIRST is funded through a $1 million State of Wisconsin grant awarded to the Great Lakes Timber Professionals Association and the Wisconsin Paper Council, in close collaboration with the Wisconsin Council on Forestry. The two-year initiative brings together industry leaders and subject matter experts to identify challenges and align priorities to position Wisconsin’s forest and wood products sector for long-term success. …“This first-of-its-kind collaborative project will bring together industry experts from across the state to help create a strategic roadmap to ensure Wisconsin’s forests and forest products industry remains strong into the future”, said Scott Suder, President of the Wisconsin Paper Council”.

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Statewide paper mill closings impacting local logging industry

By Jake Donoho
WJFW-TV12
February 27, 2026
Category: Business & Politics
Region: US East

RHINELANDER, Wisconsin — Logging has been a major part of the Northwoods for centuries. In recent years, though, several economic factors may have the industry in jeopardy. Logging has a major economic impact in the Northwoods. But a trend is beginning to start with Wisconsin-based paper mills ceasing certain operations, meaning many logging companies are slowing lumber output. James Wilson, Master logger and owner of Wilson Forestry in Athens, has had his business for over 12 years, but after Ahlstrom announced it will close two paper machines and a pulp mill in Mosinee, options are running thin for where they can sell the wood to. Not only will it cost 200 mill workers their jobs, it will be a major blow to local loggers. Wilson was a supplier of the recently closed Mosinee pulp mill, and has his concerns about the future of the industry.

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Finnish pulp mill halted again as Asian demand weakens

By Markku Björkman
PulpaperNews.com
March 4, 2026
Category: Business & Politics
Region: International

FINLAND — The Finnish pulp producer Metsä Fibre is once again suspending production at its pulp mill in Joutseno, near the city of Lappeenranta, in south-eastern Finland. The shutdown will begin on 31 March and is linked to continuing uncertainty in Asian pulp markets. …Asian markets play a crucial role in Nordic pulp exports. China is by far the largest importer, and changes in Chinese industrial activity often have an immediate impact on pulp prices and production levels in northern Europe. After several years of strong demand, the market has become more uncertain in recent months. Slower economic growth and shifting inventory strategies among major buyers have contributed to weaker demand signals. …Metsä Fibre says it is monitoring the market situation closely before deciding when production at the Joutseno mill can resume.

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Three potential impacts of Iran war for furniture importers

By Spencer Musick
Furniture Today
March 2, 2026
Category: Business & Politics
Region: International

WASHINGTON — The widening conflict in the Middle East following joint U.S.-Israeli strikes against Iran is introducing fresh uncertainty into global markets, with potential downstream effects for furniture importers, who despite relying more heavily on Asia-based sourcing than directly in the region are still exposed to volatility across the global supply chain. Analysts told Reuters that a broader regional conflict could disrupt global trade routes, supply chains and commodity prices, all of which have implications downstream for furniture importers by heaping pressure on both costs and capacity. Three potential effects of the ongoing unrest in the Middle East that could spill over for furniture companies include higher fuel costs and landed container prices, container capacity pressures, and risks and longer-term supply chain strains. Over the longer term, the conflict underscores the need to reassess geographic concentration risk.

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