Category Archives: Business & Politics

Business & Politics

Mark Pearson, Canadian Institute of Forestry Executive Director on his retirement

By Mark Pearson, Canadian Institute of Forestry
LinkedIn
May 20, 2025
Category: Business & Politics
Region: Canada

Mark Pearson

After five meaningful and rewarding years, I’ve officially retired as Executive Director of the Canadian Institute of Forestry (CIF-IFC). As I reflect on this chapter, I’m filled with gratitude. After 35 years in the federal public service and 20 years as an executive, I took on this role at the CIF-IFC with a desire to contribute to something I deeply care about. The past five years have been both challenging and transformational. I’ve had the privilege of working alongside an incredible community of dedicated volunteers, National Office team, and sector leaders. Together, we’ve navigated change, strengthened the Institute’s foundation, and helped position the organization for the future. In that time, I’ve seen the potential for CIF-IFC—and the sector—to be a national leader in inclusive, science-informed, sustainable forestry practices. The groundwork is there: greater collaboration, emerging leadership, and growing awareness of the role sustainable forestry plays in climate resilience and community well-being.

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A Crash Course on Global Trade and How Trump Is Wrecking It

By Olamide Olaniyan
The Tyee
May 16, 2025
Category: Business & Politics
Region: Canada, United States

Kristin Hopewell

Canada and the United States have long been cosy trade partners, but that relationship is now tested by US President Trump, who in his first months in office has threatened, paused and reversed tariffs so many times it makes the head spin. …All of this would have been inconceivable 20 years ago, University of BC professor Kristen Hopewell says. And this approach not only will be damaging to the interests of the United States and its major trade partners for years to come, but risks unravelling a system that’s ordered the world economy since the end of the Second World War. It’s more than just topsy-turvy tariffs. Institutions like the World Trade Organization, and its predecessor, the General Agreement on Tariffs and Trade, have defined the rules of trade for nearly a century and helped usher in a period of relative stability and prosperity. And those foundations of trade are now also at stake.

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Carney reboots Liberal Cabinet for a fresh round with Trump 2.0

By Mickey Djuric and Mike Blanchfield
Politico
May 13, 2025
Category: Business & Politics
Region: Canada, United States

Mark Carney

OTTAWA — Prime Minister Mark Carney unveiled a crisis-era Cabinet to confront Donald Trump’s trade war, steady a weakening economy and reset the high-stakes Canada-US relationship. …Carney told reporters he will take the lead on Canada-U.S. relations but will lean on Cabinet members who have experience dealing with Trump and his allies:

  • Dominic LeBlanc will be his go-to minister on all things Trump. He and Commerce Secretary Howard Lutnick are texting buddies. LeBlanc has also been dealing with Treasury Secretary Scott Bessent informally.
  • Domestically, he wants Canada’s economy to rely less on the United States. François-Philippe Champagne will stick around as Carney’s finance minister and will come face to face with Bessent next week at the G7 finance ministers’ meeting in Banff, Alberta.
  • Carney said Canada is at the “start of an industrial transformation,” which Mélanie Joly will help lead, drawing on her experiences dealing with Secretary of State Marco Rubio and other US officials.
  • He said newly installed defense and public safety ministers — David McGuinty and Gary Anandasangaree, respectively — will also play key roles in engaging Trump in what he called a “return to more traditional Cabinet government.” McGuinty will be off to The Hague next month, where he’ll meet Pete Hegseth, at the NATO Summit. 
  • Carney also tapped veteran business executive Tim Hodgson as his energy and natural resources minister after recruiting him to run in the April election.
  • Carney is keeping Chrystia Freeland out of the president’s sights — focusing on breaking down trade barriers between Canada’s provinces to dull the pain of Trump’s tariffs.

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Alabama Republicans are asking Commerce to set tariff rates on lumber to 60%

By Ari Hawkins
PoliticoPro
May 12, 2025
Category: Business & Politics
Region: Canada, United States, International

Alabama Republicans are asking the Trump administration to set the duty rate on timber and lumber products to at least 60 percent, as it pursues a Section 232 investigation, according to a letter first obtained by Morning Trade. “In recent years, our $12 billion domestic cabinet industry has been devastated by unfairly traded imports of kitchen cabinets and cabinet components,” wrote Sens. Katie Britt and Tommy Tuberville, as well as Reps. Barry Moore, Gary Palmer, Mike Rogers, Dale Strong and Robert Aderholt in a note sent Thursday to Lutnick and Undersecretary of Commerce for Industry and Security Jeffrey Kessler. The Alabama Republicans note that the U.S. kitchen cabinet industry supports 250,000 jobs around the country and 5,000 in Alabama, and warn some U.S. manufacturers are operating at as low as 30 percent capacity. [to access the full story a PoliticoPro subscription is required]

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New funding strengthens rural and Indigenous communities

By Ministry of Jobs, Economic Development and Innovation
Government of British Columbia
May 21, 2025
Category: Business & Politics
Region: Canada West

Local governments, First Nations and not-for-profit organizations throughout British Columbia are receiving funding to promote economic diversification, clean-economy opportunities and infrastructure development. “We’re partnering with rural community leaders to invest in the future of their local economies,” said Diana Gibson, Minister of Jobs, Economic Development and Innovation. “By helping fund impactful projects throughout the province, we’re supporting people and helping their communities to flourish.” The Government of B.C is investing as much as $43 million from the third intake of the Rural Economic Diversification and Infrastructure Program (REDIP) toward more than 130 projects that will strengthen local economies, create an estimated 2,200 jobs and make a positive impact for people and communities across rural areas of the province.

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Regional District of Central Kootenay gives conditional approval to Spearhead re-zoning

By Bill Metcalfe
Nelson Star
May 15, 2025
Category: Business & Politics
Region: Canada, Canada West

The Regional District of Central Kootenay has tentatively voted in favour of a planned expansion for wood products manufacturer Spearhead on the North Shore, but held off on a final decision until a pair of conditions are met. …After several months of information-gathering and three public hearings, the RDCK board decided at its May 15 meeting that it needs two further pieces of information in order to finally decide on the zoning….First, the RDCK requires approval of the Ministry of Transportation and Infrastructure regarding the details of highway access to the proposed facility. Second, the board has asked that a covenant be prepared and placed on the title of the property that would require Spearhead to comply with the recommendations of a professional environmental consultant before a building permit is issued.

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Industry group questions ‘vague scope’ of new B.C. forestry council

By Andrew Kurjata
CBC News
May 16, 2025
Category: Business & Politics
Region: Canada, Canada West

Kim Haakstad

The B.C. Council of Forest Industries (COFI) says it isn’t sure why the province has created a new forestry council with a “vague scope and mandate” when there are already multiple working groups focused on the troubled resource sector. On Thursday, the province announced the formation of the Provincial Forest Advisory Council, which it says is expected to “provide recommendations to support forest ecosystems at the same time as helping the forestry sector.” …However, COFI says the province already has multiple working groups, reports, reviews and initiatives that have yet to be fully implemented. “We are not totally sure what the overall objective and need for it [the new council] is, COFI president Kim Haakstad said in an interview with CBC News. …Green Party House leader Rob Botterell says forestry has always been a key part of the provincial economy, but its future depends on sustainable and long-term ecological stewardship.

Additional coverage in CFJC Today Kamloops, by Michael Reeve: MLA Stamer looking for more diversity on provincial forest advisory council

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Richelieu launches massive new facility

By Larry Adams
Woodworking Network
May 16, 2025
Category: Business & Politics
Region: Canada, Canada West

In just more than a year, Richelieu Hardware combined multiple Western Canada facilities into one much-larger, much more efficient structure in Calgary, Alberta, in the process speeding up customer order fulfillment through automated technology and sophisticated software, and adding a major product line to its already burgeoning product portfolio. And, it is not done yet. The Canadian hardware company’s numbers are big, no matter how you look at it. Sales are $1.8 billion (CAD) in 2024. It serves more than 130,000 customers from 116 facilities throughout North America, and product SKUs top 145,000 items; throwing in special orders, that number can easily triple. And those numbers are constantly changing. …One of the facility’s newest additions is a 104-foot-long Evans Midwest brand laminating line from Choice Machinery Group. The company makes the laminated boards from substrates in its inventory, and laminates from most of the major laminate suppliers that it distributes.

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New BC council launched to support forestry in BC

By Ministry of Forests
Government of British Columbia
May 15, 2025
Category: Business & Politics
Region: Canada, Canada West

Members of the newly formed Provincial Forest Advisory Council are tasked with providing recommendations to government on advancing forest stewardship, while supporting communities and workers that rely on forests. Under the Cooperation and Responsible Government Accord 2025, the B.C. government and BC Green caucus have established the Provincial Forest Advisory Council. The council will provide recommendations to government to ensure there are clear and measurable outcomes that support a healthy forests, healthy ecosystems and a healthy forestry sector. …The council will consult with industry partners, such as the Provincial Forestry Forum and ecological, environmental and biodiversity experts, to engage the public for feedback and honour commitments to work in partnership with First Nations. …The council brings together forestry sector leaders that have been jointly appointed by the BC NDP and Green caucuses. The council will provide an interim report this fall, with a final report expected by the end of 2025.  

Related coverage in Business in Vancouver: BC appoints council to improve forest sector, and the forestry ecosystem

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COFI voices concern over exclusion from new BC Forest Advisory Council

By Kim Haakstad, President and CEO
BC Council of Forest Industries
May 15, 2025
Category: Business & Politics
Region: Canada, Canada West

Kim Haakstad

Kim Haakstad, CEO of the BC Council of Forest Industries (COFI)… is deeply concerned by the lack of active, front-line industry representation on the newly announced Provincial Forest Advisory Council. To align ecological, economic, and social outcomes, those who manage the realities of the sector every day must have a seat at the table—not just be invited to comment from the sidelines. Also troubling is the council’s vague scope and mandate—especially given the many significant forestry reviews… still being implemented. …Introducing yet another process, while those on the ground are still adapting to new frameworks… does little to support either ecological outcomes or the stable, predictable flow of forest resources BC urgently needs. …Most forestry jobs and investment come from primary operations—sawmills, pulp mills, contractors, and tenure holders—yet these voices are missing from this council, the BCTS Review Task Force, and the Softwood Lumber Advisory Council. This pattern of exclusion is concerning.

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Steelworkers welcome launch of B.C.’s new Provincial Forestry Council with a focus on workers

By Jeff Bromley, Wood Council Chair
United Steelworkers
May 15, 2025
Category: Business & Politics
Region: Canada West

Jeff Bromley

The United Steelworkers union (USW) welcomes the launch of BC’s new Forestry Advisory Council as a critical step toward building a stronger, more sustainable forestry industry that puts workers and communities first. …“Our forest industry has suffered deeply over the past decade, with over 2,500 Steelworkers losing their jobs,” said Bromley. “Now is the time to ensure that BC’s working forest delivers the value to British Columbians that it was always meant to and that includes good, family and community-supporting union jobs.” …I’m on this council to make sure any review or reform of BC’s forest sector puts workers front and centre,” said Bromley. …The USW commends the B.C. NDP government’s effort to bring together a diverse group of stakeholders to guide the future of forestry.

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Nathanson, Schachter & Thompson LLP’s Mark Oulton, K.C., appointed King’s Counsel

Nathanson, Schachter & Thompson LLP
May 9, 2025
Category: Business & Politics
Region: Canada West

Nathanson, Schachter & Thompson LLP is proud to announce that Mark Oulton has been appointed King’s Counsel by the Lieutenant-Governor in Council, on the recommendation of the Attorney General of British Columbia. Mark was called to the bar in 2000 and is a leader in forestry and natural resource law, appearing regularly as counsel before the Forest Appeals Commission, all levels of the British Columbia Courts and the Supreme Court of Canada. Mark Oulton has long been recognized as one of B.C.’s leading public law, natural resource and commercial law barristers. His unique background has allowed him to develop a multi-disciplinary litigation practice that sits at the intersection of forestry, commercial and Indigenous law, and engages challenging and important issues at the centre of reconciliation and its intersection with the provincial economy. Only 7% of practicing B.C. lawyers can be awarded the designation of KC. 

Government of British Columbia: Outstanding B.C. lawyers receive King’s Counsel designation

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Eby to visit Japan, South Korea and Malaysia on trade trip to reduce U.S. reliance

By Wolfgang Depner
The Canadian Press in the Vancouver Sun
May 15, 2025
Category: Business & Politics
Region: Canada, Canada West

David Eby

B.C. Premier David Eby says a trade mission to Asia next month will help the province become the “engine of a new Canada,” but an economist says B.C. also needs to become more competitive at home. Eby will be visiting Japan, South Korea and Malaysia between June 1 and June 10 as part of a business delegation that is to include B.C. Agriculture Minister Lana Popham and Paul Choi, parliamentary secretary for Asia-Pacific trade. Eby says the trip is aimed at deepening ties with existing customers buying goods from British Columbia and finding new ones for natural resources in demand around the world. He says the trip is part of a joint plan with the federal government to make Canada more independent and less reliant on the United States.

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It’s Not Just Trump’s Tariff War Hurting BC’s Forest Sector

By Ben Parfitt
The Tyee
May 13, 2025
Category: Business & Politics
Region: Canada West

Ben Parfitt

In August 2022, shortly after Canfor Corp. announced plans to … build a new high-tech sawmill in southern Alabama, local media reported that a suite of subsidies had sealed the deal to keep the company in the state. …Canfor’s investment is just one of dozens of U.S. acquisitions made in recent years by B.C.-headquartered lumber companies. …An investigation by The Tyee shows that just three of those companies — Canfor, Interfor and West Fraser — have plowed a combined nearly US$8.4 billion to buy, expand or build 59 mills in about a dozen U.S. states over the past 20 years… To unravel this story, The Tyee looked at B.C. company investments in the United States and at B.C.’s and Canada’s lumber export data over the course of nearly four decades — data that helps illuminate what brought the province’s forest industry to this critical juncture. …With duties mounting and a rapidly declining number of economically viable trees to cut down in B.C., it seems certain that growth for B.C. lumber companies lies south of the border, not here at home.

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Kitselas First Nation Expands Forestry Operations with Major Tenure Purchase

By Sabrina Spencer
Canada’s First Nations Radio (CFNR) Network
May 12, 2025
Category: Business & Politics
Region: Canada West

Kitselas First Nation is expanding its role in the forestry sector with the purchase of a new forest tenure from A&A Trading Ltd. The deal includes Forest License A16836 and Road Permit RP16688, giving Kitselas an annual allowable cut of just over 10,000 cubic metres. The total purchase price was just under $1.58 million and was approved by Chief and Council in July 2024. The acquisition is supported by Kitselas Development Corporation and Kitselas Forestry LP. An initial $800,000 was transferred to Kitselas in 2024, with the potential for a second distribution to fully cover the purchase. This move strengthens Kitselas’ economic position and gives the Nation more control over its lands and resources. Kitselas Forestry LP will manage the new tenure alongside existing operations, maintaining partnerships with trusted industry players.

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Port Alberni sees fresh investment amid forest sector turmoil

By Ish Sharma
The Western Investor
May 9, 2025
Category: Business & Politics
Region: Canada, Canada West

PORT ALBERNI, BC — An ambitious project to redevelop Western Forest Products former Somass mill site on the Port Alberni waterfront is moving forward, infusing fresh hope in a city hit hard by the challenges dogging the coastal forest industry. …“Exciting times for the City of Port Alberni moving forward and getting to revision an old mill site,” said Mike Fox, chief administrative officer with Port Alberni. …The amenities are needed. …The need for new housing is likely to grow as new businesses bring jobs to replace those lost by troubles in the forest sector. San Group, once Port Alberni’s key employer, filed for creditor protection last November, but the Amix Group and Canadian Maritime Engineering Ltd. are looking to expand. …Amix Marine Services recently bought 45 acres from Western Forest Products Ltd. for $7.3 million for a new marine terminal and will make Port Alberni its home port.

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Domtar nears decision on converting Quebec mill to containerboard

By Katie Pyzyk
Packaging Dive
May 19, 2025
Category: Business & Politics
Region: Canada, Canada East

Domtar appears close to making a final decision about whether to convert its newsprint mill in Gatineau, Quebec, to a containerboard mill. …Last week, Unifor concluded labor negotiations with Domtar regarding the Gatineau site, and the final contract will likely be published by month’s end, said Daniel Cloutier, Unifor Quebec director. As part of the labor arrangement, agreed not to bargain, lock out or strike for eight years — on the condition that Domtar would move forward with the mill conversion, Cloutier said. Domtar agreed to proceed with the mill conversion investment, Cloutier said, although the company has not issued a final decision. Unifor anticipates that should come by autumn, if not earlier. …”one thing that could help them to make that decision was the guarantee that they will have no conflicts at [the] Gatineau plant while they proceed with the construction of the new facility,” he said.

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Forest Products Association of Canada expands scientific team with addition of Dr. Darren Sleep

Forest Products Association of Canada
May 15, 2025
Category: Business & Politics
Region: Canada, Canada East

Darren Sleep

Forest Products Association of Canada (FPAC) is pleased to welcome Dr. Darren Sleep as our Chief Scientist, Forest Ecology and Conservation. Dr. Sleep has extensive experience working with the forest sector across North America… Prior to joining FPAC, he served as the Lead Scientist with the Sustainable Forestry Initiative (SFI) based in Ottawa and as the Principal Scientist with National Council for Air and Stream Improvement (NCASI) in Montreal. …At FPAC, Dr. Sleep will emphasize the ecological, environmental, and socioeconomic advantages of sustainable forest management, guided by robust ecological science and knowledge. He is committed to the role of sound science to inform decision-making and passionately advocates for sustainable forest management as a solution to global challenges. “Dr. Sleep’s expertise in sustainable forest management is vital as we address policy challenges like housing affordability, rural development, employment, emissions reductions, and wildfire resilience,” said Derek Nighbor, FPAC President and CEO.

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Truck Loggers Association Statement on New Provincial Forest Advisory Council May 15, 2025

The Truck Loggers Association
May 16, 2025
Category: Business & Politics
Region: Canada, Canada East

For 82 years, the TLA’s long history of supporting the forward movement of BC’s forest sector with the core objective of ensuring the ongoing prosperity of the contracting community and the people working in it, has been to the overall benefit of our forests. BC’s forest sector is wrestling with difficult and challenging conditions caused by many factors including changes in government policies, increasing complexity, conflicting mandates, and ever-increasing cost structures. We are overdue for a comprehensive overhaul of the current environment we deal with and the need to return to a dedicated vision towards renewed prosperity. However, today’s announcement of the new Provincial Forest Advisory Council (PFAC), yet another committee to review BC’s forest sector and provide recommendations to the Minister of Forests, is of concern. Notably, the advisory council does not include representation from boots-on-the-ground, independent contractors who can provide a valuable perspective on the impacts of potential changes.

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Biochar could put Espanola on the comeback trail

By Ian Ross
Northern Ontario Business
May 9, 2025
Category: Business & Politics
Region: Canada, Canada East

A leading clean-technology company looks to be the first tenant of a proposed bio-hub complex at the former Espanola pulp and paper mill. CHAR Technologies is focusing on setting up shop at the idled Espanola site to produce renewable natural gas and a bio-coal product from residual wood waste. The innovative Toronto company has teamed up with the BMI Group, the property’s pending new owners, to be co-developers in creating a renewable energy production facility at the mill site, now being dubbed Bioveld North. BMI is in the process of buying the property from Domtar, which closed the mill in 2023. The deal is expected to close this month. Last week, the two companies inked a “strategic partnership” agreement that involves BMI making a $2-million investment in CHAR to become a major shareholder and help fast-track CHAR’s flagship Thorold facility into commercial production later this year.

Related coverage: New products, new name, new life for the Domtar Mill in Espanola

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Clemson University’s Dr. Pat Layton Receives the 2025 SFI President’s Award

Sustainable Forestry Initiative
May 21, 2025
Category: Business & Politics
Region: United States

Kathy Abusow & Pat Layton

Minneapolis, Minnesota — Kathy Abusow, President and CEO of the Sustainable Forestry Initiative (SFI) is proud to announce Dr. Patricia (Pat) Layton, Director of the Wood Utilization and Design Institute at Clemson University, as the recipient of the 2025 SFI President’s Award. Presented during SFI’s 2025 Annual Conference, the award recognizes Layton’s exceptional leadership and longstanding contributions to SFI and to urban forestry, forest literacy, and innovation in green building. “It’s especially meaningful that Pat is being recognized with the President’s Award on our 30-year anniversary, since she’s been involved with SFI since its inception,” said Abusow. “Pat has shown what’s possible when sustainable forest management and education come together. Through her leadership, Clemson has become a model for how campuses can manage forests responsibly, engage students in real-world learning, and inspire future environmental stewards.”

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Jimmy Bullock Receives the Dr. Sharon Haines Memorial Award for Innovation and Leadership in Sustainability

Sustainable Forestry Initiative
May 21, 2025
Category: Business & Politics
Region: United States

Kathy Abusow, Jimmy Bullock & Jeremy Poirier

Minneapolis, MN – The Sustainable Forestry Initiative (SFI) and International Paper, a global leader in sustainable packaging solutions, are proud to announce the recipient of the 2025 Dr. Sharon Haines Memorial Award for Innovation and Leadership in Sustainability. Jimmy Bullock, Senior Vice President, Forest Sustainability at Resource Management Service, LLC (RMS), was presented with the award at the SFI Annual Conference in Minneapolis, Minnesota, for his lifelong dedication to collaborative conservation and sustainable forest management. “The award honors Sharon’s legacy by recognizing individuals who drive progress in sustainable forestry, and I can think of no one more deserving than Jimmy,” said Lee Alexander, VP Global Fiber Supply, at International Paper. “Following in the footsteps of his mentor, Sharon Haines, Jimmy has dedicated his career to advancing conservation within the forest sector, and his work has had a lasting impact on forest health and sustainable forest management in the US and abroad.”

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International Pulp Week 2025

Pulp and Paper Products Council
May 16, 2025
Category: Business & Politics
Region: United States

International Pulp Week (IPW) is an annual three-day conference organized by the Pulp and Paper Products Council (PPPC). IPW brings together the world’s leading producers of market pulp, suppliers, financial analysts, logistic companies, and their customers for a first-class informational and networking opportunity. This year’s conference will take place at the Pan Pacific Vancouver from June 1 – 3, 2025. The goal of the event is to provide knowledge, data, and in-depth analysis on the latest market developments and trends in the market pulp industry worldwide as well as to serve the market pulp industry by allowing for a multitude of business meetings and networking opportunities that would otherwise require travel to several continents.

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‘Solid American Hardwood Tax Credit Act’ introduced

The HBS Dealer
May 13, 2025
Category: Business & Politics
Region: United States

US Representatives Glenn “GT” Thompson (R-PA) and Terri Sewell (D-AL) have introduced the “Solid American Hardwood Tax Credit Act” (or H.R. 3322) to enable individual taxpayers to include solid American manufactured hardwood products, such as flooring and paneling, as qualified home energy efficiency improvements under the Energy Efficient Home Improvement Credit. The IRS provision covers qualified energy-efficient improvements to homes made after Jan. 1, 2023, for tax credits up to $3,200. The legislation aims to provide meaningful environmental and economic benefits. As a building material, hardwood actively sequesters carbon and serves as long-term carbon storage in residential structures. Carbon storage reduces the impact of greenhouse gases in the atmosphere and helps support more sustainable practices. By ensuring hardwood materials are counted as an energy efficient home improvement, this legislation could potentially help lower the cost of housing and strengthen American manufacturing. [related coverage by the National Hardwood Lumber Association]

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Strengthening Wood Products Manufacturing: US Endowment Partners with US Forest Service

The US Endowment for Forestry and Communities
May 12, 2025
Category: Business & Politics
Region: United States

The US Endowment for Forestry and Communities is proud to partner with the US Forest Service to support the backbone of sustainable forest management—wood products manufacturers. …Endowment staff joined colleagues from the US Forest Service to visit several facilities benefitting from the Wood Products Infrastructure Assistance funding, a component of the Wood Innovations Program. One notable stop was Shasta Green, a family-owned logging and sawmill operation in Burney, California. With support from the program, Shasta Green has been able to upgrade sawmill equipment and modernize kiln controls. …The Endowment and the Forest Service are also offering technical assistance through the Wood Manufacturing Facility Assistance Program. This initiative is designed to help existing manufacturers improve operations, remain competitive, and continue contributing to forest stewardship and community well-being.

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Why the US and China pulled back from the edge

By Victoria Guida, Daniel Desrochers, Megan Messerly & Phelim Kine
Politico
May 12, 2025
Category: Business & Politics
Region: United States, International

President Trump’s deal to dramatically slash tariffs on China thrilled markets and offered a sliver of relief for businesses across the country. It also revealed an important lesson: Even Teflon Don can’t outrun economic reality. The deal in which both sides agreed to lower tariff rates by triple-digit percentages, came as anxiety mounted about a potential downturn in the US. …The agreement is an acknowledgment that a full-on economic divorce of the US and China would be too painful for both sides. …For U.S. corporations operating across borders, the de-escalation might offer some solace. But the remaining 30 percent tariff added to Chinese goods will cut heavily into profits — and be cost-prohibitive in some sectors. …One former Trump administration official said the meeting between the U.S. and China resulted from pressure on the White House from a variety of industries. …Beijing, too, was watching its economy falter.

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America has given China a strangely good tariff deal

The Economist
May 12, 2025
Category: Business & Politics
Region: United States, International

America has agreed to cut the “reciprocal” tariffs it imposed on China last month from 125% to a more digestible 10% for at least 90 days. China has agreed to do the same. It has also agreed to roll back other retaliatory measures, such as restrictions on sales of rare-earth minerals. …The result is a combination of tariffs that are far higher than Mr Trump inherited but much lower than seemed likely a few weeks ago. …On May 12th Mr Bessent all but conceded that tariffs on China had gotten out of hand. The result was the “equivalent of an embargo”. Financial chaos following Liberation Day, which included a bond-market revolt and a plunging dollar, helped Mr Bessent persuade Mr Trump to offer a 90-day reprieve to all of America’s trading partners on April 9th. After the Geneva talks, China has now been added to the list. [to access the full story an Economist subscription is required]

Related by the WSJ Editorial Board: The Great Trump Tariff Rollback – The President started a trade war with Adam Smith. He lost.

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Budget uncertainty looms as Douglas County eyes increased lumber production as solution

KPIC News
May 14, 2025
Category: Business & Politics
Region: US West

Officials said that increasing lumber production in Douglas County could help address uncertainty over its financial future in relation to the 2025-26 proposed budget. The county’s expenditures are much higher than its revenue, and it may take a renewed local timber industry and resultant timber receipts, to fill the gap, according to Commissioner Tim Freeman, who recommends raising lumber production by 63% to meet the county’s needs. Timber receipts are the money the government earns from selling rights to private companies to harvest timber on public lands. …With lumber production slowing throughout the years, Douglas County, along with other counties across the nation, relied on the Secure Rural Schools Program to receive a portion of funding. …Right now, the county’s proposed budget revenue is at $163 million, compared to expenditures at $203 million. Many discussions have been held in every county department to find ways to minimize expenses going into next year’s budget, Freeman said.

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Lawmakers create low-interest loan program for reopening shuttered sawmills

By Katie Fairbanks, Montana Free Press
NBC Montana
May 12, 2025
Category: Business & Politics
Region: US West

About a year after the most recent announcement of a Montana sawmill closure, state lawmakers passed a bill creating a low-interest loan program for companies reopening a mill in an effort to boost Montana’s economy and forest health. Missoula County’s two largest wood products facilities — Pyramid Mountain Lumber in Seeley Lake and Roseburg Forest Products in Missoula — announced in March 2024 plans to close, affecting about 250 employees. The Missoula Economic Partnership has worked to find a company to take over the former Pyramid Mountain Lumber sawmill for more than a year, said Grant Kier, the partnership’s president and CEO. The economic development organization supported House Bill 876 as a “piece of the puzzle, not the whole solution,” said Kier. …HB 876, also known as the Sawmill Revitalization Act, sets aside $6 million for loans administered by the state Board of Investments.

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Weyerhaeuser Stays True to Original Mission While Finding New Ways to Grow

By Joe Gose
National Association of Real Estate Investment Trusts
May 14, 2025
Category: Business & Politics
Region: United States, US West

Weyerhaeuser has come a long way since it was founded in 1900. From three employees and a small office in Tacoma, Washington, it has grown to become one of the largest sustainable forest products companies in the world. As it celebrates its 125th anniversary, Weyerhaeuser is building on that legacy and looking ahead to the next stage of its evolving story. Weyerhaeuser President and CEO Devin Stockfish says the company’s approach to respecting forests and everything they provide — from clean water and wildlife habitat to products essential to everyday life — has always set it apart. “Historically, logging companies would harvest and move on, but the Weyerhaeuser family thought of a different way to do it. That includes taking care of people, supporting communities, and sustainably managing forests.” When Frederick Weyerhaeuser Sr. bought 900,000 acres of forestland in Washington from the Northern Pacific Railway … he set the foundation for a new, long-term view of forestry. 

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White House’s approach to tariffs may bring serious consequences for American hardwoods

By Scott Seyler, Northland forest Products Inc.
The Williamsport Sun Gazette
May 17, 2025
Category: Business & Politics
Region: United States, US East

Scott Seyler

PENNSYLVANIA — As a result of the Trump Administration’s reckless tariff policies, America’s hardwood industry has faced a range of consequences, including lost revenues, cancelled orders and the high costs of diverting shipments already in route to China. The 125% tariffs that China applied to U.S. imports in response to the staggering 145% tariffs that the Trump administration placed on Chinese goods on April 2 jolted hardwood producers. …For now, the trade war between United States and China has simmered, with tariffs rates on American exports to China now set at 10%. Still, there is much at stake for America’s hardwood producers. In Pennsylvania, which is the nation’s leading producer of hardwood lumber… the forest-products industry employs over 60,000 people and has a $21.8 billion direct impact and a $39.1 billion indirect impact on the state economy. The livelihoods of foresters, loggers, sawyers, material handlers, lumber graders and many more well-paying jobs hang in the balance. 

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International Paper closes Texas plants, cuts 117 jobs

By Noi Mahoney
Freight Waves
May 19, 2025
Category: Business & Politics
Region: United States, US East

EDINBURG, Texas — International Paper recently said it was shuttering two Texas facilities and laying off 117 workers as it restructures its presence along the US-Mexico border. The company is closing two production facilities in Edinburg, Texas, one that manufactures containers and another that makes paper sheets. The sheet plant will be converted into a warehouse. While the company is closing two production plants in Edinburg, it is investing more funds at a nearby facility in McAllen, Texas, as well as a plant across the border in Reynosa, Mexico, officials said. “There are 117 positions impacted; however the expansion at McAllen will create 40 new hourly positions to be filled,” International Paper said. “The company will assist employees and customers through this transition.” …Since October, International Paper has laid off over 2,500 employees and closed facilities in Arizona, Illinois, Pennsylvania, Louisiana, South Carolina, North Carolina, Missouri, Tennessee and Texas.

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Georgia-Pacific to Shut Down Cedar Springs Mill in 2025

The Paper Advance
May 14, 2025
Category: Business & Politics
Region: United States, US East

Georgia-Pacific has announced it will permanently close its Cedar Springs containerboard mill in Georgia later this year, impacting approximately 535 employees. The company informed workers on May 14 that most positions at the site will be eliminated by August 1, 2025, with all roles eventually affected. While production will continue temporarily to meet existing customer commitments, the mill’s operations are set to wind down in the coming months. Georgia-Pacific cited multiple factors behind the decision, emphasizing that the mill could no longer competitively serve its customers in the long term. The company stressed that the closure is not a reflection of the employees’ performance. “Our focus now is to operate safely and support our employees through this transition,” the company stated, pledging to treat all affected workers with “dignity and respect.”

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West Fraser General Manager retires after 51 years

By Amber Lollar
The Henderson News
May 11, 2025
Category: Business & Politics
Region: United States, US East

HENDERSON, Texas — Henderson’s West Fraser recently celebrated the long-deserved retirement of their General Manager, Raymond Mitchell, after 51 hard-working years with the still-growing company. The company threw a blow-out bash for Mitchell. Local officials, current and former employees, and West Fraser upper management gathered on the expanded facility to celebrate Mitchell and his many accomplishments throughout his time with the company. Mitchell started his decades long tenure in the lumber industry at the ripe age of 19. He has held the title of Mill Manager since 1999.

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St. Paul must take action to avoid harming forest-products industry

By Robert D. Walls, International Association of Machinists and Aerospace Workers
The Duluth News Tribune
May 12, 2025
Category: Business & Politics
Region: United States, US East

Robert Walls

Last year, Minnesota passed an extended producer responsibility (EPR) framework with the intent to improve recycling in the North Star state. Yet, in their haste, lawmakers inadvertently put good-paying manufacturing jobs tied to the production and recycling of paper products at risk. Thankfully, lawmakers have an opportunity to change course and make alterations to the state’s EPR law that will both improve recycling infrastructure and support a U.S. forest-products industry that is a significant driver of Minnesota’s economy. Forest products are the fifth-largest industry in the state and the industry generates over $205 million in state and local taxes … Minnesota’s EPR program risks targeting the raw materials used to make paper products, not the actual paper and paper packaging that we put in our recycling bins. …By focusing the EPR law on the actual residential recycling stream and protecting high-performing commercial systems, we can build a policy that works with workers, not against them.

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Georgia Governor signs major hurricane relief package

The Tifton Gazette
May 9, 2025
Category: Business & Politics
Region: United States, US East

FORSYTH, Georgia — Gov. Brian Kemp signed landmark legislation Thursday at the Georgia Forestry Association (GFA) headquarters delivering urgently needed relief to forest landowners and rural communities impacted by Hurricane Helene — a storm that caused more than $1.28 billion in timber losses across Georgia’s most productive forestlands. The legislation, passed with strong bipartisan support, delivers both immediate recovery tools and long-term support to ensure Georgia’s forestry sector can recover, replant, and remain a pillar of the state’s economy, the GFA said. …The package includes: — A refundable reforestation tax credit for planting and restoration efforts. — A state income tax exemption for federal disaster aid. — A sales tax exemption for certain farm rebuilding materials. — Ad valorem harvest tax relief for landowners in affected counties — paired with state reimbursements to protect local government budgets. These measures mirror the real-world needs voiced by landowners, loggers, and mills.

Related news by Associated Press: Federal officials set timeline for Helene aid to farmers

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Trump-supporting timber business owner struggles as tariffs disrupt trade

The Bastille Post
May 11, 2025
Category: Business & Politics
Region: United States, US East

An American timber business owner who supports Donald Trump is grappling with unsold inventory and shrinking cash flow due to the ongoing trade war, as Washington’s punitive tariffs weigh heavily on his operations and push him to seek alternatives to the Chinese market. Brandon Arbogast, the owner of Valley Log Sales in Timberville, Virginia, has spent decades in the lumber industry, exporting premium Virginia timber, primarily to China. …Sitting on 120,000 to 130,000 U.S. dollars’ worth of unsold wood, Arbogast is contemplating selling some of his land to maintain cash flow. …As a self-identified Trump supporter, Arbogast is willing to endure the hardship, hoping that a resolution to the trade dispute will eventually bring relief. For now, his premium walnut logs, which are typically transformed into furniture, flooring, and kitchen cabinets, remain idle.

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Finland’s Stora Enso to sell 12.4% of Swedish forests for about $1 billion

Stora Enso OYJ
May 21, 2025
Category: Business & Politics
Region: International

SWEDEN — Stora Enso has entered into an agreement to divest approximately 175,000 hectares of forest land, equivalent to 12.4% of its total forest land holdings in Sweden for an enterprise value of EUR 900 million, equivalent to SEK 9.8 billion. Soya Group, will hold a 40.6% share in the newly formed company, and a MEAG led consortium will hold 44.4% of the shares. …Stora Enso will retain a 15% ownership in the company. Stora Enso and the divested entity will enter into a 15-year wood supply agreement with a possible additional 15-year extension. This will secure wood availability for Stora Enso’s Swedish business units. The new entity will also benefit from a forest management agreement under which Stora Enso will provide forest-related services. …The proceeds from the divestment are expected to reduce Stora Enso’s net debt by EUR 790 million. The transaction is expected to be completed during the third quarter of 2025. 

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Rotorua consultant warns of tough times for New Zealand log exports to China

By Steve Edwards
New Zealand Herald
May 16, 2025
Category: Business & Politics
Region: International

A construction industry crash in China is sending shockwaves through the timber trade in New Zealand. China has been by far the largest importer of New Zealand logs, 92% in the year to June last year. However, Rotorua-based forestry consultant Jeff Tombleson said China had been “throttling back” on the quantity taken since the country’s property market started contracting in 2021. Mega-infrastructure projects there, such as new cities, ports and railways, were nearing completion, he said. …Tombleson said he hadn’t witnessed such a “negative outlook” for the industry in his 50-year forestry career. …While China was not a huge market for sawn timber from New Zealand, [the sector] is “nervous” about their biggest trading partner – the United States. New Zealand Timber Industry Federation chief executive Jeff Ilott said proposed tariffs on exports of sawn timber from New Zealand to the US were not due to be introduced until later in the year.

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NZ’s timber industry braces for tough times

By Steve Edwards
Sun Media
May 14, 2025
Category: Business & Politics
Region: International

A construction industry crash in China is sending shockwaves through the timber trade here. “There’s elephants in the forest,” said Rotorua-based forestry consultant Jeff Tombleson. China was by far the largest importer of New Zealand logs – 92% in the year to June last year. But Tombleson said it had been “throttling back” on the quantity taken since China’s property market started contracting in 2021. Mega-infrastructure projects there such as new cities, ports and railways were nearing completion, he said. He said most of the New Zealand timber exported to China was used on construction sites for concrete-casting (boxing), a technique used in 60% of the country’s multi-storey builds. Since 2019, New Zealand’s isolating export log prices have occasionally “come back” to sub-$100 per cubic metre from an average of $132. At the lower level, he said harvesting for most of the small forests’ estate was not viable and because there was little or no domestic demand, they shut their gates.

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