Category Archives: Business & Politics

Business & Politics

US tariffs draw dismay and calls for talks from countries around the globe

By Elaine Kurtenbach and David McHugh
The Associated Press
April 3, 2025
Category: Business & Politics
Region: Canada, United States, International

Sweeping new tariffs announced by Donald Trump provoked dismay, threats of countermeasures and urgent calls for talks to find ways to rescind the stiff new import taxes imposed on goods from countries around the globe. …Trump maintains they will draw factories and jobs back to the United States. …European Commission President Ursula von der Leyen said it was a “major blow to the world economy.” …British Prime Minister Kier Starmer said he hopes to get the tariffs lifted with a trade deal. …Financial markets were jolted. …China’s Commerce Ministry said Beijing would “resolutely take countermeasures to safeguard its own rights and interests,” without saying exactly what it might do. …Mexican President Claudia Sheinbaum said she would wait to see how Trump’s announcement will affect Mexico, which like Canada was spared for goods already qualified under their free trade agreement with the United States, though previously announced 25% tariffs on auto imports took effect Thursday.

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Canada’s exemption ‘like dodging a bullet into the path of a tank’

By Leyland Cecco
The Guardian
April 3, 2025
Category: Business & Politics
Region: Canada, United States

OTTAWA — Canada’s exemption from Donald Trump’s global tariffs was “like dodging a bullet into the path of a tank”, say business leaders as other levies are poised to hit key industries that drive the country’s economy. …Canada was noticeably absent, alongside trade ally Mexico. Prime minister Mark Carney said 25% tariffs on Canadian steel and aluminum, as well as on automobiles, will come into effect within hours. Canada would “fight these measures with countermeasures” he said. Already, Canada had put a 25% tax on C$30bn worth of US goods in response to Trump’s tariffs. …Carney warned that while Trump had preserved key elements of the bilateral relationship, the global tariffs “fundamentally change the international trading system”. …On Wednesday, a bipartisan group of senators passed a resolution to end the national fentanyl emergency the president invoked to justify the 25% tax on Canadian imports. …House speaker Mike Johnson is unlikely to bring the measure to a vote.

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Democrats push vote on tariffs targeting Canada as Trump calls for Republican support

By Kelly Geraldine Malone
Business in Vancouver
April 2, 2025
Category: Business & Politics
Region: Canada, United States

Democrats in the U.S. Senate are moving forward on a resolution to block sweeping tariffs targeting Canada as President Donald Trump presses Republican lawmakers to continue backing his trade agenda. Sen. Tim Kaine plans to force a vote on Trump’s use of the International Economic Emergency Powers Act, also called IEEPA, to declare an emergency over fentanyl trafficking to hit Canada with devastating duties. “The president has justified the imposition of these tariffs on, in my view, a made-up emergency,” Kaine said Tuesday. U.S. government data shows the volume of fentanyl seized at the northern border is tiny. The Annual Threat Assessment report, released last week, does not mention Canada in its section on illicit drugs and fentanyl. The vote will test whether Republican senators continue to back Trump’s tariffs on Canada — tariffs that, according to polling, are not supported by most Americans.

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Surviving Trump’s tariffs—it will be a long time before we have a new normal

By Robert McKellar, principal at Harmattan Risk
Truck LoggerBC Magazine
April 2, 2025
Category: Business & Politics
Region: Canada, United States

Robert McKellar

You know that times have changed when a political risk consultant experienced in managing challenges for companies working in the Middle East or West Africa casts an eye on BC’s forest industry. …The TLA and its members already manage political risk to BC’s logging industry, but given what lies ahead, a broader and more explicit political risk mindset can only help. On the domestic front, provincial and federal government policy is an ongoing source of political risk. …This is not a new challenge, but it has become particularly pressing in the context of the shockwaves from the return of Donald Trump and the threat of tariffs and duties. …The lack of provincial and federal government regulatory clarity alongside a serious squeeze in the US market, means that the lumber industry is somewhat impaired and confused just when it needs to be maximally focused and agile, and capable of inspiring investor confidence.

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A reality check on Trump’s potential ‘Liberation Day’ trade beefs with Canada

By Barbara Shecter
The Financial Post
April 1, 2025
Category: Business & Politics
Region: Canada, United States

The United States is scheduled to unveil reciprocal tariffs on a wide array of trading partners, including Canada. Dubbed “Liberation Day” by Donald Trump, the measures are meant to even things out with those who, in Trump’s eyes, have unfairly taken advantage of the US with tariffs and other non-tariff barriers. …Aside from steel, aluminum and autos, which are already facing separate tariffs, here are the issues the U.S. has singled out as problematic in their trade with Canada that could factor in to the Liberation Day announcement, and what economists and trade officials have to say about them. What Trump says: He has lumped his anger about dairy and lumber tariffs together, threatening to act immediately on unfair treatment by Canada. He also said the U.S. does not need any Canadian lumber. Reality Check: There is far from enough lumber produced in the U.S. to meet building demand.

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White House considering roughly 20% tariff on most imports, report says

By Jesse Pound
CNBC News
April 1, 2025
Category: Business & Politics
Region: Canada, United States, International

White House aides have drafted a proposal that would levy tariffs of roughly 20% on most imports, the Washington Post reported. The report cited three people familiar with the matter. It also said White House advisers cautioned that several options are still on the table, meaning the 20% tariffs may not come to pass. Another plan being considered is the country-by-country “reciprocal” approach, according to the Washington Post. The report comes a day before April 2, when President Donald Trump is set to announce his larger plans for global trade. The date has loomed over Wall Street, where stocks have been struggling in part due to uncertainty around rapidly changing global trade policy. Unlike the tariffs already announced by the Trump administration, the new plan is expected to be more widespread and permanent as opposed to targeting specific countries or industries. 

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Republican senators face uncomfortable vote on Trump’s Canadian tariffs

Associated Press in CBC News
April 1, 2025
Category: Business & Politics
Region: Canada, United States

Tim Kaine

Senate Democrats are putting Republican support for some of Donald Trump’s tariff plans to the test by forcing a vote to nullify the emergency declaration that underpins the levies on Canada. Republicans have watched with some unease as the president’s attempts to remake global trade have sent the stock market downward, but they have so far stood by Trump’s on-again-off-again threats to levy taxes on imported goods. Even as the resolution from Democratic Sen. Tim Kaine of Virginia offered them a potential off-ramp to the tariffs levied on Canadian imports, Republican leaders were trying to keep senators in line by focusing on fentanyl that comes into the U.S. over its northern border. Kaine’s resolution — expected to go to a vote as early as Tuesday — challenges Trump’s use of the International Economic Emergency Powers Act, to declare an emergency at the northern border in order to hit Canada with tariffs. 

Associated Press – A Senate vote to reverse Trump’s tariffs on Canada is testing Republican support

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Logging Legend and Marine Maverick: Remembering Mark Sydney Ponting – A Life Built on Grit and the Coast

Memesita
April 4, 2025
Category: Business & Politics
Region: Canada West

Mark Ponting

Campbell River, BC The rain’s been relentless here in the Comox Valley, a fitting backdrop for mourning the loss of Mark Sydney Ponting, a man synonymous with the rugged beauty – and brutal demands – of British Columbia’s coastal forest industry and a surprisingly avid member of the Coast Guard Auxiliary. He was 66. Ponting, a respected logging road builder with a spirit as expansive as the Pacific Ocean, died peacefully on February 24th, leaving behind a legacy woven from decades spent carving paths through ancient forests and navigating the waves. …Beyond his professional and recreational endeavors, Ponting was deeply involved in the Truck Loggers Association (TLA), a vital advocacy group for the independent logging contractors who form the backbone of the BC forest industry. While the TLA has faced criticism for its stance on logging practices, Ponting consistently championed a “responsible logging” message, publicly advocating for sustainable forestry and the importance of respecting the environment. [see obituary]

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U.S. tariffs loom over forestry conference in Prince George

By Matthew Hillier
The Prince George Citizen
April 3, 2025
Category: Business & Politics
Region: Canada West

John Rustad

630 forestry professionals fill the halls at the BC Council of Forest Industries Conference in Prince George this week. …former premier Glen Clark discussed the next four years of Canada-U.S. relations and their impact on forest products and trade. Clark spoke about the role of forestry in the province …”I think there’s still an opportunity to increase the cut from where it’s been the last few years. There’s also an opportunity for more diversification in our trade and our industry.” …Lennard Joe, CEO of the First Nations Forestry Council, spoke in a later panel about the importance of the industry “opening the doors” not just to First Nations but to everyone across the country. …John Rustad, Leader of the Official Opposition and MLA for Nechako Lakes emphasized the importance of diversity in BC’s lumber sector and the need for a methodical response to the trade war with the U.S. 

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What additional tariffs could mean for Canada’s softwood lumber

CBC News
April 2, 2025
Category: Business & Politics
Region: Canada, Canada West

Liz Kovach, president of Supply-Build Canada, which represents lumber retailers, says tariffs are already impacting demand in the United States and inflating costs for consumers. Kovach says that a lot of lumber providers across Canada are family-owned and are an important part of their communities.

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BC Forest Minister congratulates Makenzie Leine on being appointed the next Deputy Minister of Forests

By Ravi Parmar, BC Minister of Forests
LinkedIn
April 2, 2025
Category: Business & Politics
Region: Canada, Canada West

With a career in forestry spanning over 30 years, Makenzie’s unique viewpoint hasn’t been shaped by sitting behind a desk. She’s shown that she’s not afraid to get her hands dirty, with her first job as a labourer for a logging contractor. From there, Makenzie continued on to various positions across Western Canada and abroad, holding roles in forest stewardship and certification, environmental management, forest ecology, operational planning, communication, relations, policy and leadership. Throughout her career, Makenzie has shown that keeping our forests healthy and sustainable, while also protecting forest sector jobs and the communities they support, are not opposing elements. Instead they are two sides of the same coin, equally important and complementary to one another. I’m thrilled that she’s bringing her lifetime of experience to the Ministry, and I can’t wait for us to get to work strengthening our forests and forestry industry for years to come.

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Teal Cedar Products loses bid for damages from B.C. over Haida Gwaii agreement

By Joseph Ruttle
Vancouver Sun
April 2, 2025
Category: Business & Politics
Region: Canada, Canada West

Teal Cedar Products has lost a bid for damages against the B.C. government over its declaration of First Nations rights on Haida Gwaii. The company argued the recognition of title over the lumber-rich but highly protected island archipelago deprived it of its ability to harvest despite Teal holding tree farm and forest licences in the area. It argued the B.C. government didn’t act in good faith, essentially expropriated property where Teal had business interests, and failed in a promise to keep the company whole during its negotiations with the Haida Gwaii Management Council over Indigenous title to the former Queen Charlotte Islands. B.C. Supreme Court Judge Brenda Brown rejected all three rationales and dismissed the claim for damages against either of the defendants, the B.C. government or the management council. …Teal obtained the two tenures from TimberWest in 2008, before selling them to A&A Trading Ltd. in late 2016.

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Announcing New TLA Executive Director – Peter Lister

BC Truck Loggers Association
April 1, 2025
Category: Business & Politics
Region: Canada, Canada West
Peter Lister

Peter Lister

The Truck Loggers Association’s Board of Directors is pleased to announce the appointment of their new Executive Director, Peter Lister, effective Thursday, May 15, 2025. Peter has been involved in the forest sector for over 25 years. …In 2009, when FERIC merged to create FPInnovations, Peter became vice president of the Forest Operations Division with full responsibility for research, membership, bottom-line financial performance and over 200 staff across Canada. …In 2016, Peter joined Seaspan Marine providing tugboat services and transportation for the coastal BC forest sector. As senior vice president, Peter led a team responsible for Seaspan’s business development, sales and customer service activities… Peter has a master’s degree in mechanical engineering from the University of British Columbia and is a registered professional engineer in BC.

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COFI Releases Study on Competitiveness and Sustainability in the BC Forest Sector

Council of Forest Industries
April 1, 2025
Category: Business & Politics
Region: Canada, Canada West

The BC Council of Forest Industries (COFI) released a new report, “Competitiveness & Sustainability in the BC Forest Sector,” comparing BC’s forest industry with other forestry regions around the world. The study was written by O’Kelly Acumen, and it highlights a strong link between a stable wood supply and investment attractiveness—areas where BC is lagging its competitors, putting its future at risk. Unless BC can address uncertainty in wood supply, the province will struggle to attract and retain forest industry investment. The report provides an in-depth analysis through three components:

  • Forest Sector Performance in international forestry regions across North America, South America and Europe is benchmarked using economic and sustainability data from international organizations and national statistics offices.
  • A survey of global industry leaders captured their perceptions of the competitiveness of the different regions across eight factors, including investment attractiveness and wood supply.  Lessons learned and opportunities to enhance BC’s long-term economic growth, resilience and sustainability are outlined.

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Policy to blame as B.C.’s forestry squeeze gets worse

By Jerome Gessaroli, senior fellow at ResourceWorks
Business in Vancouver
March 31, 2025
Category: Business & Politics
Region: Canada, Canada West

Another wave of sawmill closures swept across British Columbia in 2024, from West Fraser’s Fraser Lake facility to Canfor’s operations in Polar, Vanderhoof, and Fort St. John. As the Northern View reported, Chief Robert Michelle of the Stellat’en warned that “the economic impact for our communities will be dire,” citing job losses not just in the Fraser Lake mill but also among log haulers, restaurant workers and gas station employees… It is clear that current conditions cannot sustain profitable operations, leaving businesses struggling and workers unemployed. The fundamental issue lies in how Victoria approaches forest policy. The government faces mounting pressure from multiple stakeholders. Environmental groups advocate for reduced harvesting levels, while Indigenous communities seek both greater access to timber supplies and a larger role in forest management. While environmental protection and Indigenous rights are important considerations in forest management, and rightly so, the government’s approach has failed to balance these priorities with economic sustainability.

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COFI Convention to Focus on the Future of Forestry in BC

The BC Council of Forest Industries
March 31, 2025
Category: Business & Politics
Region: Canada, Canada West

Vancouver, BCThis week, the BC Council of Forest Industries (COFI) will welcome more than 600 industry, government, and Indigenous leaders to Prince George for a sold-out COFI 2025 Convention, running April 2-4. As one of the largest annual gatherings of the forest sector in Western Canada, the convention focuses on urgent challenges facing the industry—and the path forward. Attendees are set to explore how the sector can respond to rising US tariffs, global trade uncertainty and regulatory complexity. Discussions will center on strategies to improve industry competitiveness, strengthen partnerships with First Nations and sustain local jobs, while positioning BC as a global leader in sustainable forestry. … A highlight of the convention will be the release of a new study comparing international forest jurisdictions by Glen O’Kelly, CEO of O’Kelly Acumen, benchmarking BC’s performance against leading forestry regions—including Sweden, Finland, Austria, the US, and Brazil. 

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B.C.’s forest industry looks for new opportunities as U.S. tariffs threaten knockout blow

By Andrew Kurjata, Lyndsay Duncombe, & Chris Corday
CBC News
April 1, 2025
Category: Business & Politics
Region: Canada, Canada West

Lyndsay Duncombe & Brian Frenkel

One year ago, the Plateau sawmill was the largest single employer in Vanderhoof, a community of 4,500 people about an hour’s drive west of Prince George that bills itself as the geographic centre of B.C. Today, its lumber yard sits empty — one of dozens of mill closures and curtailments around the province that have sent hundreds of people who had held long-term union jobs seeking employment elsewhere. This keeps Coun. Brian Frenkel up at night, especially as the industry prepares for another hit in the form of U.S. tariffs this week. …Seeking new opportunities amid cascading crises will be a key theme this week in Prince George at the B.C. Council of Forest Industries convention. …Frenkel says he doesn’t see a future without forestry, but agrees that better management is needed so that environmental concerns and jobs can coexist, with First Nations and local communities playing a key role.

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Forestry is the focus as COFI brings annual conference to Prince George

The Prince George Citizen
March 29, 2025
Category: Business & Politics
Region: Canada, Canada West

PRINCE GEORGE — The BC Council of Forest Industries (COFI) will hold its annual convention at the Prince George Conference and Civic Centre from Wednesday, April 2 to Friday, April 4. More than 600 delegates are expected, including industry executives, policymakers, and First Nations leaders. The theme of the conference is Where Do We Stand? Strategies for Competitiveness and Sustainability. …Discussions will focus on global trade, product diversification, wildfire resilience, and fibre supply, with opportunities for delegates to engage with decision-makers across the supply chain. Keynotes and panel discussions will cover topics such as global trade, sustainability, and wildfire resilience. The conference will also feature a trade show and networking opportunities. …A session on fibre availability will feature insights from former BC cabinet minister George Abbott, while BC Forests Minister Ravi Parmar will provide an address on the future of forestry in the province.

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Cariboo’s West Fraser adapts to uncertainty

By Andie Mollins
The Williams Lake Tribune
March 29, 2025
Category: Business & Politics
Region: Canada, Canada West

As the Cariboo’s largest forestry company marks 70 years in the industry, the need to adapt to an ever-changing world continues to be a reality for West Fraser. With growing uncertainties in the wake of climate change and the current U.S. administration’s inconsistent and unreliable decision-making, West Fraser faces a multitude of challenges which require close monitoring and forward-thinking planning. …“Forests are complex ecosystems that require careful management for a range of environmental, social, economic and cultural values,” said Chad Swanson, the company’s chief forester of B.C. operations. The company harvests less than 0.5% of the forests it manages per year. …“At this point we continue to monitor the situation closely and are working with our Federal and Provincial governments to support them in their effort,” said Joyce Wagenaar, the company’s director of communications, in response to Black Press’ inquiry on the impacts of U.S. tariffs.

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Alberta Minister of Forestry and Parks to advocate for fair trade practices in Texas

By Jayk Sterkenburg
Chat News Today
March 30, 2025
Category: Business & Politics
Region: Canada, Canada West

Todd Loewen

A trade mission aims to highlight the importance of Alberta’s high-quality wood products and ensure continued access to the vital market, as Texas is Alberta’s largest U.S. market for lumber. From March 31 to April 3, Alberta’s Minister of Forestry and Parks Todd Loewen and a delegation from the Alberta Forest Products Association will meet with key government officials, industry representatives and advocacy groups in Texas. …Texas received $176 million worth of Alberta lumber in 2024, accounting for 17% of the province’s total lumber exports to the US. …Loewen said “Our wood products are vital to homebuilding and helping American businesses grow, and we are committed to ensuring this partnership continues to flourish”. …In 2024, $3 billion of Alberta forest products were exported to the U.S., representing 72% of Alberta’s total forest product exports. These exports included $1 billion worth of softwood lumber, $808 million worth of OSB, $704 million worth of kraft pulp.

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Fire at West Fraser quickly contained by fire crews

By Lauren Meister
Cochrane Now
March 28, 2025
Category: Business & Politics
Region: Canada, Canada West

COCHRAN, Alberta — A fire broke out at West Fraser Cochrane on Wednesday evening, prompting a swift response from Cochrane Fire Services. According to Fire Chief Shawn Polley, several calls came in reporting a vehicle fire in the company’s mulch lot. …”The staff at West Fraser did a great job moving the vehicle to an open area, giving fire crews good access and preventing the fire from spreading to nearby mulch or a log deck.” The on-duty crew quickly contained the blaze using a single hose line, and a water tender was brought in to ensure an adequate water supply. Thanks to the rapid response, the fire was fully suppressed within an hour. While the exact cause of the fire is still under investigation, Polley noted that equipment failure may have been a factor.

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B.C.’s forestry minister wants to create steady work in Merritt

By Ty Lim
The Merritt Herald
March 27, 2025
Category: Business & Politics
Region: Canada, Canada West

A steady course is set for Merritt’s forestry industry after Mayor Mike Goetz met with the B.C.’s Forestry Minister Ravi Parmar. Parmar, who was recently appointed as forestry minister for the NDP’s B.C. cabinet last November, came to Merritt as part of a tour of the Interior last Thursday. …He came to Merritt under the pretense of wildfire management and discussions on how to defend the timber industry from U.S. tariffs. …During the March 20 meeting Goetz and Parmar discussed mill closures and the need for stabilizing the local industry. “We’re here to support the workers, to keep them working. So the whole idea is, as a city, we need Aspen Planers open. We need these permits. We need this wood,” Goetz said. The permits Goetz talks about are for approvals for forestry practices which include cutting permits, annual allowable cuts and the necessary consultation with First Nations.

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Mike de Jong will run as independent in Abbotsford-South Langley

By Dan Ferguson
Surrey Now-Leader
March 27, 2025
Category: Business & Politics
Region: Canada, Canada West

Mike de Jong

Mike de Jong has confirmed he will be running as an independent candidate in the Abbotsford-South Langley riding. De Jong made the announcement Wednesday (March 26), less than a month after he was denied the Conservative Party of Canada nomination for Abbotsford-South Langley on March 3 despite being endorsed by the local electoral district candidate selection committee. Since then, de Jong estimated he’s heard from “thousands” of people urging him to run. …When he challenged the decision by Conservative party higher-ups, de Jong said the party refused to provide any explanation for their decision to disallow his candidacy beyond the claim that he was “unqualified”. …The trade war will be a key issue in the election for de Jong, a former provincial Liberal MLA who served as minister of forests as well as minister of labour and citizens’ services, minister of Aboriginal affairs and reconciliation, attorney general, and minister of finance.

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BC’s hopes for a hydrogen economy are under threat. Canfor/Teralta Prince George project paused

By Jason Proctor
CBC News
March 27, 2025
Category: Business & Politics
Region: Canada, Canada West

At least seven “large-scale hydrogen projects” were cancelled or paused. …One of those plans — Fortescue’s Project Coyote — has since been made public, but six more projects that have been quietly put on ice, including a Prince George clean hydrogen project. Hydrogen’s potential as an environmentally-friendly alternative to fossil fuels has generated global excitement. It can be produced from domestic resources including natural gas, biomass, and wind or solar power… with zero to negligible amounts of greenhouse gases. Eby announced a project led by Chilliwack-based Teralta Hydrogen Solutions to power a Canfor mill with hydrogen produced as a byproduct from a nearby Chemtrade sodium chlorate production facility. But according to the FOI documents, that project has since been paused. …A Teralta spokesperson said that while the project itself was successful, the closure of the Canfor mill and Chemtrade’s decision to stop producing sodium chlorate in Prince George meant it was no longer viable.

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Steelworkers to gather in Toronto for National Policy Conference

United Steelworkers
April 3, 2025
Category: Business & Politics
Region: Canada, Canada East

In April 2023, close to 600 USW activists, staff and retirees from across the country gathered in Toronto for the 55th USW National Policy Conference, this central body that guides our union’s direction in Canada. Under the theme Engage, Mobilize, Organize, conference delegates debated dozens of policy resolutions submitted by USW locals from every region of the country. …Led by the USW Wood Council… Steelworkers continue to lobby the federal government to seek a fair and equitable resolution to the softwood lumber dispute with the US. The union also is advocating for the federal and provincial governments to develop a co-ordinated, intergovernmental strategy to reduce the export of raw logs, ban raw log exports from old-growth forests, impose progressively higher taxes on log exports from second-growth forests and provide incentives for the domestic manufacturing of raw logs into finished products. 

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New Brunswick considers cutting deal with wood firms to beat Trump tariffs

By John Chilibeck
The Telegraph-Journal
April 1, 2025
Category: Business & Politics
Region: Canada, Canada East

John Herron

New Brunswick might charge timber and paper companies less money for cutting trees on public land should the United States impose another round of punishing tariffs on the wood industry. Facing questions during main estimates on Tuesday, Natural Resources Minister John Herron told a legislative committee he was prepared to defend what he called New Brunswick’s principal economic engine, worth $3 billion a year in exports and employing close to 24,000 people. “We know if the wood stays in the forest, the sawmills don’t turn,” he said. “We’re paying very close attention to that.” There’s growing fear that U.S. President Donald Trump will announce additional tariffs on Canadian wood products on Wednesday. …Herron told the House on Tuesday he wants to protect the $2 billion in payroll the industry spends on its workers. …But lowering stumpage fees would also feed into the arguments made by the US for imposing countervailing duties. [to access the full story, a subscription may be required]

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Tariffs a ‘real opportunity’ for made-in-Ontario supply chain: OFIA president

By Marissa Lentz-McGrath
Timmins Today
March 29, 2025
Category: Business & Politics
Region: Canada, Canada East

Ontario’s forestry sector is feeling the weight of ongoing trade disputes and potential new tariffs. In talks with the US and industry leaders, Ontario Forest Industries Association president Ian Dunn said the message is about collaboration. …“We met with the National Association of Home Builders. Obviously, they’re very concerned about the pricing of construction materials. They’re looking for free trade, and they are a very loud voice.” …“But at the end of the day, the Ontario industry is going to have very little sway or impact on the Trump administration. It’s going to require Americans talking to their administration.” …Given the heavy reliance on the U.S. market — where 97% of Ontario’s forestry exports go — Dunn sees diversification as a necessary step. …“I’m hopeful that there will be a settlement on a softwood lumber dispute. I’m hopeful that Canada and the US will find a path forward on tariffs in general,” he said.

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Uncertainty Reigns as ‘Liberation Day’ on Tariffs Approaches

National Association of Home Builders
April 1, 2025
Category: Business & Politics
Region: United States

The president has announced he will impose “reciprocal tariffs” on all nations on April 2. There is currently no procedure in place for how the tariffs will be implemented. …Tariffs on building materials act as a tax on American builders, home buyers and consumers. Builders estimate an average cost increase of $9,200 per home due to recent tariff actions, according to the March 2025 NAHB/Wells Fargo Housing Market Index. Of course, the effects of the tariffs on the housing industry go far beyond Canadian lumber. For example, 70% of the imports of gypsum, which is used to make drywall, comes from Mexico. …The tariffs are not only expected to raise the cost of building materials — which are up 34% since December 2020, far higher than the rate of inflation — but also wreak havoc on the building material supply chain. In turn, this will put even more upward price pressure on building materials. Here is what the NAHB doing.

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National Lumber and Building Material Dealers (NLMBDA) appeals to White House on tariffs and lumber

By Jonathan Paine, NLMBDA President
HBSDealer
March 31, 2025
Category: Business & Politics
Region: United States

The US-Canadian lumber and building material industry is predicated on a fundamental understanding that our respective economies flourish when we engage in robust and fair trade between our two nations. Canada has long been a crucial partner in providing the United States with lumber and various building materials. These products are essential to the construction of homes, commercial buildings, and infrastructure across the United States. …Our industry is supportive of your administration’s initiative of increasing domestic sourcing of lumber to reduce reliance on foreign imports through strengthening the U.S. timber industry. However, it is important to recognize that achieving this goal will take time and require significant investment in both infrastructure and sustainable forest management. While domestically available species such as Southern Yellow Pine are a valuable resource, they do not serve as a direct substitute for the many applications where Canadian Spruce-Pine-Fir (SPF) is preferred. 

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Tariffs Will Hurt Wood Products Industry In Vermont

By Ed Barber
Newport Vermont Daily Express
April 2, 2025
Category: Business & Politics
Region: United States, US West

President Donald Trump is prepared to impose tariffs on many Canadian products that are shipped to the United States. Included on the list of tariffs are the wood products industry, which is facing a 25 percent tariff on products shipped south of the border. In response to the President’s actions, the Vermont House Committee on Agriculture and Forestry took testimony from two employees at the Agency of Natural Resources last week… In the past two years Vermont has lost two sawmills, becoming more reliant on Canada. Vermont imported $52 million in sawmill and wood products from Canada in 2024. Pierson said some of the wood was shipped from Vermont to Canada where it was processed and shipped south.

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Willis’ new wildfire resilience insurance to focus on risk mitigation

By Kassandra Jimenez-Sanchez
Reinsurance News
April 2, 2025
Category: Business & Politics
Region: United States, US West

Willis, a business of WTW, and The Nature Conservancy (TNC) have launched a new $2.5 million wildfire resilience insurance for the Tahoe Donner Association in Truckee, California. Described as “first-of-its-kind,” this policy directly links insurance costs to proactive wildfire risk mitigation efforts. Developed in partnership with UC Berkeley’s Center for Law, Energy and the Environment, the policy aims to demonstrate how ecological forest management practices can lead to reduced premiums and increased insurance availability. Such techniques include tree thinning to improve the health and growth of the remaining trees and planned fires to clear out flammable vegetation, both proven to reduce wildfire risk and make forests healthier. Tahoe Donner has completed forest management projects over 1,520 acres since 2015. …This new policy, covering 1,345 acres of Tahoe Donner’s land, secures a 39% lower premium and an 89% lower deductible than would have been possible without the nature-based forest management.

Related content:

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Dean, Whitehouse Lead Bicameral Bill to Preserve Northern Rockies Ecosystem

Office of Rep. Madeleine Dean, Pennsylvania
March 27, 2025
Category: Business & Politics
Region: United States, US West

WASHINGTON, D.C. – U.S. Representative Madeleine Dean (D-PA) and U.S. Senator Sheldon Whitehouse (D-RI) introduced legislation to protect more than 23 million acres of public land in Idaho, Montana, Washington, Oregon, and Wyoming — safeguarding endangered and threatened species, preserving biodiversity, and combating climate change by preserving millions of trees that serve as a carbon sink. In addition to roughly 20 million acres of federally protected wilderness, the NREPA would also designate: Specified federal lands as biological connecting corridors and as special corridor management areas; Segments of specified rivers and creeks in Idaho, Montana, and Wyoming as components of the National Wild and Scenic Rivers System; and Specified areas as wildland recovery areas. Wildland recovery plans would be required for each recovery area. Full bill text is available here.

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LP Building Solutions Names Jason Ringblom President, Unifies Manufacturing and Sales to Accelerate Growth

By Louisiana-Pacific Corporation
Business Wire
April 3, 2025
Category: Business & Politics
Region: United States, US East

Jason Ringblom

NASHVILLE, Tenn.–LP Building Solutions (LP), a leading manufacturer of high-performance building products, today announced the appointment of Executive Vice President, General Manager of Siding Jason Ringblom to the newly created role of President, overseeing all manufacturing and commercial operations, effective April 7, 2025. This leadership transition is part of LP’s long-term succession planning, ensuring continuity of strong leadership and positioning the company for its next phase of growth. With this new structure, LP has eliminated the North American Business General Manager positions, and Ringblom will continue reporting to LP Chair & CEO Brad Southern. …In addition to Ringblom’s appointment as President, LP has also appointed Craig Sichling to the newly created role of Senior Vice President, Chief Commercial Officer and named three new Vice Presidents, including Vice President of National Accounts Jeremy Sellers, Vice President of Field Sales Mitch Kingston, and Vice President of Supply Chain & Customer Experience Cody Austell.

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Sumitomo Forestry Acquires Teal Jones Louisiana sawmill

Sumitomo Forestry Co. Ltd.
April 28, 2025
Category: Business & Politics
Region: United States, US East

LOUISIANA — Sumitomo Forestry announced that on March 28, 2025, the Board of Directors resolved to acquire 100% of the shares of Teal Jones Louisiana Holdings through its wholly owned subsidiary Sumitomo Forestry America, and to begin procedures to make Teal Jones a consolidated subsidiary. The acquisition will be carried out in accordance with procedures outlined under the Companies’ Creditors Arrangement Act of Canada and Chapter 15 of the United States Bankruptcy Code. It is subject to approval by the Courts of Canada and the United States. After these procedures, Sumitomo Forestry plans to complete this acquisition by the second quarter of 2025. In addition, since Teal Jones capital is more than 10% of Sumitomo Forestry’s capital, Teal Jones will become a specified subsidiary of Sumitomo Forestry.

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Trump tariffs on Canada lumber could chop US wood supplies

By Quinn Klinefelter
Detroit Public Radio WDET
March 31, 2025
Category: Business & Politics
Region: United States, US East

Jesse Randall

President Trump is threatening to raise tariffs on Canadian softwood lumber to 27 % as soon as this week. The move could impact everything in the U.S. from lumber needed to build affordable housing to wood chips used to make toilet paper. Trump says his administration would compensate by harvesting more trees from national forests, which includes several in Michigan. But some experts say it’s not that simple. The Michigan Sustainable Forestry Initiative’s Jesse Randall says the issue goes beyond how many trees are available in the state or the nation. … “I think tariffs are a double-edged sword. Our mills and our operators are constantly needing to procure and maintain equipment. So I think that will cost them more money, tariffs or anything that will shut down a supply coming in that is used for construction,” said Randall. 

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Site of former Georgetown paper mill to turn into biomass plant, senator says

By Caleb McCusker
Georgetown County News
March 28, 2025
Category: Business & Politics
Region: United States, US East

GEORGETOWN, South Carolina — The site of the former International Paper mill in Georgetown that closed last year is soon set to turn into a biomass plant, state Sen. Stephen Goldfinch of Murrells Inlet said. “I can confirm the plant is slated to be (primarily) a bio mass plant,” Goldfinch said. “There will be other stuff there as well, but that will be the primary function.”Biomass is organic matter that’s derived from living or recently living organisms, primarily plants and animals, and can be used as a source of energy or other materials.,No additional information about the plans, including who is behind the project, was immediately available. The paper mill closed permanently in December. It employed 674 people before its closure.

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TimberHP voluntarily files for Chapter 11 bankruptcy reorganization

By Kaitlyn Budion
Maine Public
March 27, 2025
Category: Business & Politics
Region: United States, US East

MADISON, Maine — TimberHP, the wood fiber insulation manufacturer in Madison, has filed a voluntary Chapter 11 reorganization plan in US Bankruptcy Court. According to court filings, TimberHP ran into delays and unexpected costs when retrofitting its facility at the Madison paper mill because of inflation and supply-chain issues That has in turn delayed the launch of its third product, TimberBoard, which company officials say is expected to be its most profitable. The company set out to raise an additional $60 million in recent years, but ultimately managed to bring in just half that amount, prompting the organization to file for protection. The company expects to emerge from the process…and in the meantime, business will “continue as usual and without interruption.” The reorganization plans to preserve all of the company’s 54 full-time employees. 

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New Tariffs, But Not On Timber And Lumber

By New Zealand Wood Products Manufacturers Association
Scoop Independent News
April 3, 2025
Category: Business & Politics
Region: International

NEW ZEALAND — The temporary exemption of tariffs on timber and lumber imported into the US provides some relief to New Zealand exporters. Though this exemption could be short lived based on the outcome of the Section 232 investigation aimed at determining the effects imports of timber, lumber and their derivative products have on the US supply chain. Exports of radiata pine products from New Zealand to the US were estimated at $358 million, making the US our third largest export market behind China and Australia. …The exemption comes about through internal US lobbying, by the likes of the American Building Materials Alliance and National Association of Home Builders.  …The administration has recognised that raising costs on timber and lumber would hurt housing affordability and weaken an important supply chain. …We thank our kindred Associations in the US for making this happen. We now wait for completion of the s. 232 investigation.

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No solution in the labour dispute at Finland’s UPM Plywood

UPM Plywood
March 30, 2025
Category: Business & Politics
Region: International

FINLAND — UPM Plywood and the Industrial Union have failed to reach an agreement on a new employer-specific collective agreement. The union rejected the mediator’s settlement proposal, and the five-week strike at UPM Plywood mills in Finland continues. The proposal made by conciliator Jukka Ahtela on Friday was in line with the general pay increase level agreed by the Industrial Union for the export industry in Finland. The agreement would have allowed UPM Plywood employees to receive a total pay increase of 7.8% over 3 years. UPM Plywood accepted the proposal.m …The strikes have halted production at UPM Plywood mills in Finland. UPM Plywood mills in Finland employ 1,000 people covered by the collective agreement with the Industrial Union. Production at UPM Plywood’s Otepää mill in Estonia continues as normal.

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Metsä Board appoints Esa Kaikkonen as CEO, replacing Mika Joukio

Metsä Group
March 31, 2025
Category: Business & Politics
Region: International

FINLAND — Metsä Board Corporation confirms that its CEO Mika Joukio will step down from his position on 7 April 2025, with Esa Kaikkonen appointed as his successor by the company’s Board of Directors. Joukio will continue supporting the transition until October 2025. This announcement follows an agreement between Joukio and the Board finalized Monday, according to Metsä Board Corporation. Joukio’s career spans 35 years, beginning at the Tako board mill and culminating in his appointment as CEO in 2014.  …Kaikkonen, currently EVP, Strategy at Metsä Group, has held senior roles across the organization since 1998. His previous positions include CEO of Metsä Tissue (2018–2025), EVP of Metsä Wood (2013–2018), and Group General Counsel (2003–2013).

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