Category Archives: Business & Politics

Business & Politics

Industry minister says relief coming for tariff-hit softwood lumber sector

By Catherine Morrison
The Canadian Press in Business in Vancouver
October 15, 2025
Category: Business & Politics
Region: Canada, United States

Mélanie Joly

OTTAWA — Federal Industry Minister Mélanie Joly said financial relief is coming soon for Canada’s tariff-struck softwood lumber sector. The minister said the government will provide funding through banks, backstopped by the Business Development Bank of Canada, in the “coming days.” “That’s for supporting, right now, our businesses to make sure that they stay afloat,” Joly said. …In August, Prime Minister Mark Carney announced a $1.25 billion aid package to support the softwood lumber sector. Joly said the funding will go toward ensuring businesses stay afloat while dealing with “unjustifiable” tariffs, adding the government will also offer support for operations and capital expenditures. The minister said the government funding will be provided based on individual companies’ needs. …”BDC emphasized the program is not intended as a cure-all for the sector’s considerable challenges but rather act as a complementary tool… to help these businesses continue to operate and better manage through an ever-evolving situation”.

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‘Razor’s edge of survival:’ B.C. Premier David Eby decries increasing softwood tariffs

By Ashley Joannou
The Canadian Press in the Vancouver Sun
October 14, 2025
Category: Business & Politics
Region: Canada, United States

David Eby

BC’s softwood industry is facing an “existential threat” from increasing U.S. tariffs that needs to be treated with the same urgency by the federal government as threats to Canadian steel and auto jobs, B.C. Premier David Eby says. Eby held a news conference Tuesday, surrounded by union and industry representatives on the same day an additional 10% duty came into effect. …“When auto parts makers, … when steelworkers in Ontario are in trouble it’s treated as a national emergency, and rightly so. These are foundational industries for Ontario, for Canada,” Eby said. “What we’re asking for today is that same respect, that same concern, that same sense of emergency, is shared for the forest sector in this country.” …“I’m afraid some will not survive the current state of affairs. Mill workers, loggers, truckers, contractors and all the jobs dependent on an active forestry industry are all under imminent threat.”

In related coverage:

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‘We have to scratch, claw and fight to make sure we survive’: CEO of business hit by lumber tariffs

CTV News
October 14, 2025
Category: Business & Politics
Region: Canada, United States
 

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Why higher tariffs on Canadian lumber may not be enough to stimulate long-term investments in US forestry

By Andrew Muhammad & Adam Taylor, University of Tennessee
The Conversation US
October 15, 2025
Category: Business & Politics
Region: Canada, United States

The US imports about 40% of the softwood lumber the nation uses each year, more than 80% of that from Canada. President Trump says that the US has the capacity to meet 95% of softwood lumber demand and directed federal officials to update policies and regulatory guidelines to expand domestic timber harvesting and curb the arrival of foreign lumber. …As researchers studying the forestry sector and international trade, we recognize that the US has ample forest resources. But replacing imports with domestic lumber isn’t as simple as it sounds. There are differences in tree species and quality, and U.S. lumber often comes at a higher cost, even with tariffs on imports. Challenges like limited labor and manufacturing capacity require long-term investments, which temporary tariffs and uncertain trade policies often fail to encourage. In addition, the amount of lumber imported tends to mirror the boom-and-bust cycles of housing construction, a dynamic that tariffs alone are unlikely to change.

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US Lumber Coalition re-ups support for Trump’s tariffs, says NAHB peddles false narrative on housing affordability

By Zoltan van Heyningen
The US Lumber Coalition
October 14, 2025
Category: Business & Politics
Region: Canada, United States

WASHINGTON, D.C. – “The U.S. Lumber Coalition applauds President Trump’s imposition of an additional 10 percent tariff against unfairly traded lumber imports.  “Predictably, the National Association of Homebuilders (NAHB) is attacking President Trump’s decisive and pivotal trade law enforcement actions by continuing to peddle the false narrative that holding Canada to account for its ever-increasing and egregious unfair trade practices will somehow exacerbate the problem of U.S. housing affordability,” stated Zoltan van Heyningen of the U.S. Lumber Coalition. “What NAHB won’t point out is that lumber prices have declined since antidumping and countervailing duties increased to 35.16%… and especially not that their own profit margins in recent years have increased from 11% to almost 16%,” added van Heyningen….Enforcing the U.S. trade laws helps increase the U.S. supply of lumber to build American homes, all without impacting the cost of a new home, as demonstrated by data from the NAHB and Fastmarkets Random Lengths.

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Trump Ramps Up Trade War as New Tariffs on Lumber and Furniture Take Effect

By Ana Swanson and Sydney Ember
The New York Times
October 14, 2025
Category: Business & Politics
Region: Canada, United States

President Trump ushered in new tariffs on imported furniture, kitchen cabinets and lumber on Tuesday, adding a fresh round of levies as he once again threatened to expand his trade war with China. Tariffs ranging from 10% to 50% on foreign wood products and furniture snapped into effect just after midnight. The tariffs are meant to encourage more domestic logging and furniture manufacturing. But critics say that the levies will raise prices for American consumers and could slow industries including home building that rely on materials from abroad. …Critics have called it a stretch to issue the furniture and lumber tariffs under the national-security-related law. …Some American manufacturers lobbied for the tariffs. …Some economists expect the higher price of lumber, along with home furnishings, will slow the pace of home building. That could set back the Trump administration’s goals of improving a weak housing market. [to assess the full story a NY Times subscription is required]

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Trump’s Lumber Tariffs Take Hold, Threatening to Hike Home Costs

By Jennifer A Dlouhy
Bloomberg News
October 14, 2025
Category: Business & Politics
Region: Canada, United States

The US is now collecting tariffs on imported timber, lumber, kitchen cabinets, bathroom vanities and upholstered furniture, duties that threaten to raise the cost of renovations and deter new home purchases. …Trump described his wood and furniture tariffs as helping to “strengthen supply chains… and increase domestic capacity utilization for wood products.” Yet economists and homebuilders have warned they also could create obstacles to another of Trump’s goals: boosting homebuilding and sales. Trump has for months cajoled Federal Reserve Chair Jerome Powell to lower rates in part to boost home affordability, but critics say the new tariffs could more than offset any gains from lower mortgage and lending costs. Roughly 7% of all goods used in new residential construction come from foreign suppliers, according to the NAHB. Even without new import taxes, the group has said the cost of building materials has risen by 34% since Dec. 2020. [to access the full story a Bloomberg subscription is required]

Related in the Associated Free Press: Trump tariffs on timber, furniture take effect

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Forest Sector Faces 45% Tariffs – Urgent Action Required

Forest Products Association of Canada
October 14, 2025
Category: Business & Politics
Region: Canada

The Forest Products Association of Canada (FPAC) is extremely frustrated and deeply concerned by the U.S. government’s decision to impose Section 232 tariffs on Canadian softwood lumber and derivative products. These unjustified measures, which take effect today, threaten the livelihoods of more than 200,000 Canadians and the stability of hundreds of towns and cities that rely on a strong forest sector. “For eight years, forest workers and communities across Canada have borne the brunt of increasing duties—now exceeding 45 percent with the addition of these new tariffs,” said Derek Nighbor, President and CEO of FPAC. “These are punitive, protectionist measures with no basis in fact. They ignore decades of evidence that Canadian lumber strengthens, rather than threatens, U.S. national security and economic resilience.” Targeting responsibly managed, sustainably sourced Canadian wood products under the pretense of national security is both unjustified and deeply damaging. These actions undermine one of the most integrated, mutually beneficial trade relationships in the world, increasing costs for American families and homebuilders while jeopardising Canadian mills and workers.

Enough is enough.

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Lumber industry ‘deeply disappointed’ by Mark Carney’s silence on Donald Trump’s tariffs

By Tonda MacCharles, Ottawa Bureau Chief
Toronto Star
October 9, 2025
Category: Business & Politics
Region: Canada

Luc Thériault

OTTAWA — The chummy Washington trip that saw Mark Carney dine with Vice President JD Vance and his family … left Canadian lumber representatives fuming. They say Donald Trump’s tariffs are crushing them yet didn’t even warrant a mention in the Oval Office. …Luc Theriault, co-chair of the Canadian Lumber Trade Alliance, said that the Carney government has paid “lip service” to the need to resolve lumber tariffs in recent months, while telling the industry to co-ordinate their positions and form a common front. But in Washington Tuesday, the prime minister was publicly silent on 35-per-cent lumber tariffs that are set to rise to 45 per cent next week and which Theriault says are a blow to the sector. “We’re deeply disappointed,” Theriault said. …He said the American lumber lobby is a powerful influence in Washington, but there are substantive arguments to reject Trump’s claim that America does not need Canadian wood products.

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If Trump Tariffs Are Ruled Illegal, Refund Chaos Is Expected

By Laura Curtis
Bloomberg News in Transport Topics
October 6, 2025
Category: Business & Politics
Region: Canada, United States

President Trump has warned of disaster if the Supreme Court overturns his signature tariffs. For starters, it would unleash a bureaucratic nightmare involving reams of refund paper checks. Should the court uphold a US Court of Appeals ruling that Trump’s country-based tariffs are illegal, the government could owe the bulk of the $165 billion in duties collected so far this fiscal year back to companies that paid them. But they won’t have an easy time getting their money back; refunds are typically issued slowly and while the administration could streamline the process, experts fear that’s unlikely. …That means Trump likely won’t part with the funds easily if the tariffs are struck down, and the administration is expected to move quickly to reimpose levies using other legal authorities if that happens. The Supreme Court is expected to hear arguments in November in the case.

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‘We will get an even better deal,’ Carney says after Oval Office meeting with Trump

By John Paul Tasker
CBC News
October 8, 2025
Category: Business & Politics
Region: Canada

Prime Minister Mark Carney said Canadian and American officials are currently “negotiating terms” of a deal on tariffs a day after he met with the U.S. president to try and bring the trade war to a close — and Canada will come out ahead when the two sides come to an agreement. Speaking in question period … about what he accomplished out of his Oval Office sit-down with U.S. President Donald Trump, Carney said Canada already “has the best deal with the Americans” — most products are still being sold into the U.S. tariff-free despite Trump’s trade action — and “we will get an even better deal.” …Conservative Leader Pierre Poilievre said Carney “pathetically” offered up “a trillion-dollar gift” to Trump when speaking with the president, and it was an instance of him “bowing before the president in weakness.” …Daniel  Smith said Carney is developing a rapport with the president…

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‘There’s a reason why Americans want Canadian wood’: Derek Nighbor on the forestry sector’s comeback

By Sean Speer
The Hub
October 7, 2025
Category: Business & Politics
Region: Canada

Derek Nighbor, president and CEO of the Forest Products Association of Canada, discusses how the forestry sector is shifting from a story of decline to one of innovation and growth—helping to address the country’s housing crisis, advance practical climate solutions, and support economic and social well-being in rural and Indigenous communities across Canada.

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Carney set to return to Ottawa without a deal to end the U.S. tariffs

The Canadian Press in CTV News
October 7, 2025
Category: Business & Politics
Region: Canada, United States

WASHINGTON — Prime Minister Carney is set to return to Ottawa today with no deals to remove US tariffs from Canadian goods, but he’s leaving his key minister on Canada-US trade behind to keep pressing the Canadian case. US President Trump lavished praise on Carney during a meeting in the Oval Office on Tuesday and said the prime minister would walk away “very happy.” The president showed no signs of relenting on tariffs, however, and no deal was announced. Carney was scheduled to have a working breakfast this morning with Joshua Bolten, CEO of the Business Roundtable, while Foreign Affairs Minister Anita Anand was set to meet with Secretary of State Marco Rubio. Canada-US Trade Minister Dominic LeBlanc will be staying behind in Washington. LeBlanc told reporters Tuesday that substantial progress was made in the White House talks this week.

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Tariffs, duties to take heavy toll on B.C. sawmills

Nelson Bennett
Business in Vancouver
October 15, 2025
Category: Business & Politics
Region: Canada, Canada West

Kurt Niquidet

Some sawmill workers in BC should brace for layoff notices, sometime between now and Christmas. With lumber prices below the break-even point for many lumber producers, and new 10% American tariffs being tacked onto 35% duties, it’s inevitable some sawmills will have to take at least temporary curtailments, industry experts say. …Unless President Trump executes one of his famous policy pirouettes, the new tariffs could cost Canadian lumber exporters about US$500 million a year. “If you don’t see markets pick up, I could certainly see more curtailments coming,” said Kurt Niquidet, for the Council of Forest Industries. “The major curtailments are yet to come,” said analyst Russ Taylor. “There’s got to be a ton of them coming to be able to get supply and demand back into balance.” …Jeff Bromley, for the United Steelworkers: “With nearly half the value of every Canadian lumber shipment being siphoned off at the border, whole towns are facing devastating consequences.”

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Should B.C. retaliate against U.S. duties on softwood lumber with a levy on U.S. coal moving through B.C. ports?

Castanet
October 14, 2025
Category: Business & Politics
Region: Canada, Canada West

Ward Stamer

British Columbia’s Opposition Leader John Rustad and forestry critic Ward Stamer say B.C. should “get tougher” to fight back against increasing U.S. tariffs on Canadian softwood lumber. …In a joint statement, Rustad and Stamer said the forestry sector has been in decline for eights years under the NDP and the province could be doing more in B.C. to make more wood available, fix the cost structure and “put the feet back under” the sector. The MLAs said the province needs to “get tougher” to deal with Trump, starting with a levy on U.S. thermal coal that moves through B.C. ports. “If that’s not enough, those shipments should be outright banned to put real pressure on the U.S. and bring them to the table,” the statement reads. Stamer said the new tariffs will be “the final blow” to forestry workers and communities that have been “paying the price” for years.

Related coverage:

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Statement from British Columbia’s Forest Sector

Council of Forest Industries
October 14, 2025
Category: Business & Politics
Region: Canada West

Vancouver, BC The BC forest sector calls on the Government of Canada to bring the same urgency to the lumber file as it has to steel, aluminum, and energy. Our industry is facing an unprecedented period of challenge. On top of the existing 35% softwood lumber duties, the United States has now imposed an additional 10% tariff—wrongly claiming that Canadian lumber and forest products represent a national security threat. These unwarranted and unjustified trade actions are having devastating impacts and the lack of tangible progress for forest sector workers and communities is deeply concerning. …We cannot continue to manage the decline of this foundational industry. We must focus on rebuilding competitiveness, driving innovation, and strengthening the entire value chain. Forestry remains a cornerstone of the provincial and national economy—a major project that can deliver tangible results now, if given the necessary attention and support.

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Registration for the TLA 81st Annual TLA Convention + Trade Show is now OPEN!

BC Truck Loggers Association
October 15, 2025
Category: Business & Politics
Region: Canada West

The TLA welcomes delegates back to the 81st Annual Convention + Trade Show. This years theme is Fostering Collaboration & Partnerships. Join us January 14-16, 2026, at the Bayshore Hotel in Vancouver. The power of working together is the key to building a stronger, more sustainable forestry sector. Across BC’s forest industry—from contractors and licensees to government, Indigenous communities, and suppliers—collaboration opens the door to innovation, shared success, and long-term growth. In a time of change and challenges, partnership is more than a strategy; it’s a foundation for progress. By strengthening relationships and aligning our efforts, we move forward with greater unity, purpose, and confidence—shaping a future that reflects the best of what we can achieve together. This year’s event offers TLA members and non-members an all-inclusive registration pass, granting access to all sessions and events throughout the convention. Tickets to Suppliers Night and Lunch on the Trade Show Floor can be purchased on an individual basis. 

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B.C. government experts including engineers, foresters expand strike provincewide

By Brenna Owen
Canadian Press in Business in Vancouver
October 9, 2025
Category: Business & Politics
Region: Canada, Canada West

©Facebook

Two unions representing British Columbia professionals and public service workers escalated their weeks-long job action on Thursday to include about 26,000 staff across more than 20 ministries and provincial Crown corporations and agencies. The Professional Employees Association, whose members include engineers, foresters and geoscientists, said more than 1,000 staff from the health, mining, transportation, resource stewardship and attorney general ministries are on strike. The association had previously joined job action by the BC General Employees’ Union in its dispute with the province by picketing a number of government offices. The BCGEU also escalated its job action Thursday to include about 25,000 public service workers across 475 work sites. The union said 19 ministries and B.C. Crown corporations were “fully struck” by its job action, including the ministries of finance, citizens’ services, infrastructure, energy and Indigenous relations, as well as the Forest Practices Board, Royal BC Museum and BC Pension Corporation.

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No room for timber talk: Forestry leader fumes

By Dave Branco
CKPG Today
October 9, 2025
Category: Business & Politics
Region: Canada, Canada West

PRINCE GEORGE – Prime Minister Mark Carney met with President Donald Trump to discuss the connection between energy cooperation and support for Canada’s steel and aluminum industries. However, this meeting raised some eyebrows among forestry industry leaders, who wondered why softwood was left out of the conversation. Brink Forest Products owner John Brink believes that the omission of softwood tariffs in discussions with the president is yet another setback for an already struggling sector. MLA Kiel Giddens also voiced his disappointment that softwood lumber was left off the agenda, especially since forestry ranks among Canada’s leading employers. Brink notes that wood manufacturing plants are still shutting down across the province, and he believes the West must unite to send a strong message to Ottawa. 

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Kamloops-North Thompson MLA says B.C. forestry industry in ‘crisis’

By Brendan Shykora
Terrace Standard
October 8, 2025
Category: Business & Politics
Region: Canada, Canada West

Ward Stamer

Kamloops-North Thompson MLA Ward Stamer says B.C.’s forestry industry is in crisis due to over-regulation and a “lack of respect for the people who actually work in our forests.” Speaking in the B.C. Legislature Oct. 6, BC Conservative MLA, Stamer put the blame for closed sawmills in McKenzie, Chetwynd and Houston on “failed government policy” that led to not enough timber being available to harvest. …B.C.-based forestry giant Canfor announced last year it was abandoning its plans to replace its closed sawmill in Houston. “The ability to reliably access enough economic timber to run our manufacturing facilities is critical for our business,” Canfor president and CEO Don Kayne said at the time. Kane attributed a declining harvest level partly to “natural disturbances,” but also to “the cumulative impact of policy changes and increased regulatory complexity.” …”With courage, accountability, and respect for rural British Columbians we can turn this crisis around,” said Stamer.

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‘Extended’ and sudden maintenance shutdown of Interfor mill in Grand Forks

By Timothy Schafer
Castanet
October 8, 2025
Category: Business & Politics
Region: Canada, Canada West

Plans to institute an “extended maintenance shutdown” of the Interfor lumber mill in Grand Forks is not a permanent shutdown, according to the company. On Sept. 4 Interfor Corporation announced plans to reduce its lumber production by approximately 145 million board feet at all operations between September and December of 2025, representing approximately 12 per cent of its normal output. The temporary curtailments will be through a combination of reduced operating hours, prolonged holiday breaks, reconfigured shifting schedules and extended maintenance shut-downs. The curtailments are expected to impact all of Interfor’s operating regions, with both the Canadian and U.S. operations expected to reduce their production levels by approximately 12 per cent each. “The curtailments are in response to persistently weak market conditions and ongoing economic uncertainty,” read a statement from the company.

Additional coverage in the Castlegar News, by Karen McKinley: Grand Forks Interfor mill shut down ‘indefinitely,’ not a permanent closure

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New U.S. tariffs on lumber are ‘bizarre,’ says B.C. forestry CEO

CBC News
October 7, 2025
Category: Business & Politics
Region: Canada, Canada West

Members of the B.C. forest industry are keeping a close eye on meetings between Prime Minister Mark Carney and President Donald Trump ahead of new U.S. lumber tariffs coming on Oct. 14. Brink Forest Products CEO John Brink called the new tariffs “bizarre” and said he’s disappointed they weren’t discussed during Tuesday’s Carney-Trump news conference.

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Chaos, confusion at border as New Brunswick forestry industry navigates new tariffs on softwood lumber

By Laura Brown
CTV News
October 15, 2025
Category: Business & Politics
Region: Canada, Canada East

Linda Bell says there has been turmoil and chaos along parts of the US and New Brunswick border as trucks carrying lumber navigate the new tariffs that came into effect on Tuesday. But Bell says there’s been confusion as to what’s included under the new tariffs. In her almost three decades working as the general manager of the Carleton Victoria Wood Producers Association in Florenceville, she says it’s the first time there appears to be a duty on roundwood. “Trucks that were headed over there have been turned back and had to be unloaded. Some have been allowed to cross. We really don’t know what is going on,” she said.  She said a few large mills in Maine who’ve been buying New Brunswick wood for five decades have halted all deliveries until the confusion can be cleared up. …Minister Mélanie Joly said there are different interpretations happening at various border locations.

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Northeastern Ontario’s ‘world-class sawmills’ under pressure from tariffs, weak U.S. demand

The Timmins Daily Press
October 15, 2025
Category: Business & Politics
Region: Canada, Canada East

Ian Dunn

“Timmins and northeastern Ontario have well-established and world-class sawmills,” said Ian Dunn, CEO of the Ontario Forest Industries Association (OFIA). “They are being challenged by the ongoing consolidation and evolution of the pulp and paper sector, weak housing demand in the US, and now 45% market entry costs.” On Oct. 4 federal and provincial governments stepped in with short term funding to prevent the idling of the Kap Paper, the region’s last remaining paper mill in Kapuskasing. The move averted the loss of over 300 direct jobs. …Another reason cited was the declining market for the mill’s products, newsprint and bulk paper for books. Industry has been advising governments at all levels to anticipate and prepare for what they say is a crisis. …“The US has reached the absurd conclusion that upholstered furniture and softwood lumber represent a national security threat to the most powerful military on earth,” Dunn said.

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Future of the Kénogami plant: Unifor reassured by Domtar management

Radio Canada
October 8, 2025
Category: Business & Politics
Region: Canada, Canada East

The Unifor union emerged reassured from its meeting last week with Domtar management regarding the survival of the Kénogami paper mill. The mill has been affected by numerous work stoppages for some time. Unifor’s Quebec director, Daniel Cloutier, received confirmation that the company wants to continue producing paper there and that its hydroelectric facilities, which supply power to the region’s mills, are not for sale. We were nevertheless able to be reassured about certain elements regarding Hydro-Saguenay. The dams are not sold, they are not for sale, according to Domtar’s statements. …The Kénogami and Alma paper mills are powered by the five hydroelectric power plants that Domtar, formerly Resolute Forest Products, owns on the Shipshaw River. [translated by Google Translate]

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Cascades announces the sale of its Flexible Packaging plant in Mississauga to Five Star Holding

Cascades Inc.
October 8, 2025
Category: Business & Politics
Region: Canada, Canada East

KINGSEY FALLS,  Quebec — Cascades announced that it has reached an agreement to sell its Flexible Packaging plant activities to Five Star Holding based in Houston, Texas. The $31 million transaction is effective immediately. Cascades’ will retain ownership of the site real estate. Located in Mississauga, Ontario, Flexible Packaging is Cascades’ only plant that manufactures printed flexible plastic packaging and films. …The Flexible Packaging operations employs 45 people, all of which will be retained by Five Star at closing. …The transaction includes a supply agreement between the two parties to ensure the continued production and supply of the flexible film that is used by Cascades’ Tissue and Packaging sectors. “Today’s decision will allow us to reduce our debt and support the optimization of our operational platform,” said Hugues Simon, CEO of Cascades.

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As U.S. wood tariffs kick in, kitchen cabinet companies look for a silver lining

By Mae Anderson
The Associated Press in CTV News
October 14, 2025
Category: Business & Politics
Region: United States

NEW YORK — Cabinet dealers, interior designers and remodeling contractors in the U.S. hope new tariffs on imported kitchen cabinets, bathroom vanities and upholstered wooden furniture will boost domestic production of those products. But several small business owners in the home improvement industry say they expect some short-term pains from the import taxes. Potential customers may postpone kitchen and bathroom renovations until costs — and the economy — seem more stable. …The American Kitchen Cabinet Alliance lobbied for tariffs to help offset what they described as a flood of cheap cabinets from countries such as Vietnam, Malaysia, China and elsewhere in the decades since manufacturing moved offshore. …Although the White House said the tariffs were intended to boost domestic production and protect U.S. businesses from predatory trade practices, some cabinet makers say that will be difficult because their supply chains are multinational.

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Trump’s Tariffs on Lumber and Cabinetry Kick In, Hitting Homebuilding and Renovation

By Keith Griffith
Realtor.com News
October 14, 2025
Category: Business & Politics
Region: United States

President Trump’s new tariffs on imported lumber and wooden fixtures have taken effect, potentially raising the cost of home construction and renovations. …“These new tariffs will create additional headwinds for an already challenged housing market by further raising construction and renovation costs,” says NAHB Chairman Buddy Hughes. …According to an NAHB analysis, U.S. sawmills are operating at just 64% of their potential capacity, a figure that has dropped steadily since 2017. “It will take years until domestic lumber production ramps up to meet the needs of our citizens,” the trade group says”. …Framing costs, including the roof, averaged about $49,763 for new single-family homes last year, accounting for about 12% of the total cost of a new build, according to an NAHB breakdown. Cabinets and countertops cost $19,056 on average, accounting for 4.5% of the total, the analysis found. …Builder profit margins have already been shrinking, and many companies have pulled back on new construction.

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Rayonier and PotlatchDeltic to Merge, Creating a Leading Land Resources REIT

By Rayonier and Potlatch Deltic
Businesswire
October 14, 2025
Category: Business & Politics
Region: United States

WILDLIGHT, Florida. & SPOKANE, Washington — Rayonier and PotlatchDeltic today announced that they have entered into a definitive agreement to combine in an all-stock merger of equals. …The combined company is expected to have a market capitalization of $7.1 billion and a total enterprise value of $8.2 billion. Upon completion of the transaction, the combined company will become the second-largest publicly traded timber and wood products company in North America. …The combined company will operate under a new name, to be announced prior to closing. …Together, the combined company will have a productive and diverse timberland portfolio comprising approximately 4.2 million acres, including 3.2 million acres in the U.S. South and 931,000 acres in the U.S. Northwest. In addition, the company will operate seven wood products manufacturing facilities, including six lumber mills with total capacity of 1.2 billion board feet and one industrial plywood mill. The transaction will also combine two highly complementary and successful real estate businesses.

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Trump’s New Furniture Tariffs Are (Almost) Everything Wrong with U.S. Trade Policy Today

By Scott Linciocome, Cato Institute
The Dispatch
October 8, 2025
Category: Business & Politics
Region: United States

The Trump administration and its advocates have long sold tariffs as a smart and necessary way to reindustrialize the country, bolster national security, and revitalize the economy more broadly. In practice, however, they put tariffs on cabinets and sofas for “national security” reasons, exempt others because of potential political blowback, and do all sorts of other things that likely undermine the economic and security objectives the administration says its tariffs are achieving. And they do it all with little regard for the facts, economics, or law. Throw in some foolish nostalgia (contra the president, furniture manufacturing is today a tiny share of North Carolina’s economy and workforce), and the furniture tariffs make for an almost-perfect example of the canyon between protectionist rhetoric and US tariff reality. The only thing preventing perfection is that there isn’t a “national emergency” or fake “fiscal crisis” attached.

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Reciprocal tariffs on hardwood plywood not high enough to level the playing field

By Keith Christman, President
The Decorative Hardwoods Association
October 9, 2025
Category: Business & Politics
Region: United States

President Trump announced the long-awaited Section 232 tariffs on wood products. Despite DHA’s advocacy for tariffs on hardwood plywood, engineered wood flooring, and hardwood veneer imports, these products were not included. But, the announcement includes a procedure for adding more wood products. DHA has ramped up our advocacy to get our products included, sending a direct communication to President Trump. Roseburg’s recent closing of its hardwood plywood mill is another wake-up call that underscores the need for tariffs to prevent dumped and subsidized plywood from Asia, whose underpriced plywood dominates with 80% of the US market. Dumped, subsidized plywood from Asia has been killing US manufacturing facilities. It’s some comfort that the reciprocal tariffs now apply to these products, but the rates are not high enough to level the playing field, and these reciprocal tariffs could go away with the upcoming Supreme Court decision.

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Washington State invests $700K to boost apple and timber jobs

By Anita Hollier
NBC Right Now
October 13, 2025
Category: Business & Politics
Region: United States, US West

OLYMPIA, Washington — Washington state is investing $700,000 to support its apple and timber industries, creating at least 270 new jobs, Governor Bob Ferguson announced Thursday. The funding comes from the state’s Economic Development Strategic Reserve Fund, which uses unclaimed lottery prize money to help attract and retain jobs. The money will be split across three projects: Yakima County: $250,000 to prepare a site in Sunnyside for a new apple products processing plant. Forks: $200,000 for infrastructure upgrades at the Forks Industrial Park, where Riverside Forest Products USA plans a sawmill. Spokane Valley: $250,000 to expand a manufacturing facility for Mercer Mass Timber. Governor Ferguson said the investments, combined with private funding, will strengthen the state’s economy. Commerce Director Joe Nguyễn added the funds will help meet infrastructure needs, support local businesses, and create sustainable jobs.

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Intertribal Timber Council Appoints Cal Mukumoto As Executive Director

City Biz
October 8, 2025
Category: Business & Politics
Region: US West

The Intertribal Timber Council is proud to announce the appointment of Cal Mukumoto as its first Executive Director, effective October 1, 2025. Mukumoto brings more than four decades of experience in forestry, Tribal enterprise leadership, and public service to ITC. His distinguished career includes serving as Oregon State Forester, where he managed a $650 million annual budget and a workforce of more than 1,300 employees while advancing forest health, sustainability, and economic value for the state. He also served as CEO and Board Chair of the Coquille Economic Development Corporation, overseeing casino, broadband, and other Tribal business ventures, and leading them through critical periods of growth and stability. His professional roots date back to the 1980s, when he worked with the Makah Tribal Council to establish the Makah Forestry Enterprise, which improved the profitability of Tribal timber sales. 

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State changes course, gives wood pellet maker Drax a permit to increase emissions

By Alex Rozier
Mississippi Today
October 16, 2025
Category: Business & Politics
Region: United States, US East

The Mississippi Department of Environmental Quality permit board on Wednesday reversed a decision from earlier this year and granted wood pellet manufacturer Drax a permit that allows it to release more emissions from a facility in Gloster. The board held a two-day evidentiary hearing after denying the company the permit in April. The permit falls under Title V of the Clean Air Act and allows Drax’s facility Amite BioEnergy, to become a “major source” of Hazardous Air Pollutants, or HAPs. The board voted unanimously in favor of granting the permit said Kim Turner. Evidence from the hearing “sufficiently addressed” concerns the board previously had. MDEQ has found the facility in violation multiple times since Drax opened the Amite County plant in 2016. …Drax applied for the permit in order to better reflect its production capacity. Since violating the current permit, Amite BioEnergy has had to decrease its pellet output.

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Lowes completes acquisition of Foundation Building Materials

Lowe’s Companies Inc.
October 9, 2025
Category: Business & Politics
Region: United States, US East

MOORESVILLE, North Carolina —  Lowe’s announced that the Company has completed its previously announced acquisition of Foundation Building Materials (“FBM”), an industry-leading building materials and construction products distribution company with over 370 locations across the United States and Canada. The acquisition of FBM is expected to enhance Lowe’s offering to Pro customers through an expanded product assortment… in key geographies like California, the Northeast and the Midwest. It also creates significant cross-selling opportunities between FBM and Lowe’s as well as the recently acquired Artisan Design Group. …FBM will continue to be led by its founder, Ruben Mendoza, and its senior leadership team with over 200 years of combined industry experience. 

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Vietnam Wood industry faces new challenges

By Vuong The – Translated by My Le, Thu Ha
Đồng Nai Online
October 10, 2025
Category: Business & Politics
Region: International

From October 14, wooden furniture exported to the United States will continue to be subject to a new import tariff of up to 25 percent. This has come as a “shock” at a time when enterprises are accelerating production, raising concerns over the feasibility of maintaining Vietnam’s 2025 wood export targets. In the long term, aside from adapting to frequently changing tariff policies, enterprises in the wood industry are working to improve product quality. Expanding markets and building the Vietnamese wood brand are considered key solutions for the sector’s sustainable development. On September 29, U.S. President Donald Trump signed a decree imposing a 25 percent tariff on wooden furniture, effective from October 14. The tariff rate may increase to 50 percent for dressing tables and kitchen cabinets, and 30 percent for upholstered products early next year. This move is regarded as a “shock” to Vietnam’s wood industry.

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Sappi Europe announces closure of PM2 at its Kirkniemi Mill in Finland

Sappi Limited
October 7, 2025
Category: Business & Politics
Region: International

LOHJA, Finland — Sappi Europe announced in August the commencement of a consultation process for the potential closure of Paper Machine 2 at its Kirkniemi Mill in Lohja, Finland. The consultation process, aimed at improving the mill’s profitability and cost competitiveness, has been completed resulting in the planned closure of Paper Machine 2 by the end of the calendar year 2025. As a result, Sappi’s annual production capacity of coated mechanical paper will be reduced by 175,000 tonnes. The closure will lead to a reduction of 93 positions. …The shutdown of Paper Machine 2 is part of Sappi’s strategic plan to align production capacity with market demand and to optimise the utilisation of the mill’s remaining paper machines. Production of Paper Machine 2 grades will be transferred to Kirkniemi’s Paper Machines 1 and 3, which will continue operating. Deliveries to customers will continue without disruption. 

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EU to impose antidumping duty of 6.2% on softwood plywood from Brazil

The European Commission
October 9, 2025
Category: Business & Politics
Region: International

The European Commission proposed preliminary antidumping duties on imports of softwood plywood from Brazil, following an investigation launched earlier this year into alleged unfair pricing practices. The proposal, published on October 7, sets a provisional duty rate of 6.2% on Brazilian softwood plywood, expressed on the CIF Union border price, customs duty unpaid. The Commission said the rates will not take effect until the provisional measures are formally adopted. The move follows a complaint filed in January by the Softwood Plywood Consortium (SPC) on behalf of EU producers, alleging that Brazilian plywood was being sold in the Union at dumped prices, harming the bloc’s manufacturers. The investigation period, covering January–December 2024, examines both dumping and injury to the EU industry.

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UPM Finland to close paper production in Kaukas and relocate operations to Rauma

Tissue Online
October 8, 2025
Category: Business & Politics
Region: International

FINLAND — UPM has completed employee consultation processes following its late July announcement to permanently end paper production at its Kaukas mill in Lappeenranta, Finland. Coated mechanical paper production will be relocated to the Rauma mill, Finland. Paper machine 1 in Kaukas will be permanently closed during Q4 2025, resulting in a reduction of 220 positions. Following the closure, coated mechanical paper production capacity in Finland will decrease by 300,000 tonnes annually. UPM’s pulp, sawn timber, biofuels production, and R&D activities at Kaukas will continue unchanged. …The closure will affect 220 employees and reduce coated mechanical paper capacity in Finland by 300,000 tonnes per year. …An after-care team will be established to ensure safe conditions at the mill following the closure.

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Australia’s last paper mill, Tasmania’s Boyer Mill, locked in energy security negotiations with Aurora

By Madeleine Rojahn
ABC News, Australia
October 6, 2025
Category: Business & Politics
Region: International

TASMANIA — Australia’s last paper mill and supplier of newsprint remains locked in negotiations for power security, with Tuesday’s meeting to resolve an impasse over costs concluding with no outcome. As one of Tasmania’s major industrials, the Boyer pulp and paper mill in New Norfolk is also one the state’s largest power users. Aurora Energy is seeking a $7 million bank guarantee to cover energy costs for the mill as it looks to electrify and move away from its coal-powered boilers, a figure Boyer owner David Marriner has labelled “obscene”. A spokesperson for the Boyer Mill said discussions had been “constructive”, and remained committed to ensuring a positive outcome. Aurora Energy said it would “continue to negotiate in good faith”. …The Boyer Mill, which is currently Tasmania’s fourth-largest carbon emitter, is working to convert its coal boilers to electric after years of energy concerns.

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