Nova Scotia forestry sector anxious about possible U.S. tariffs

By Gareth Hampshire
CBC News
January 21, 2025
Category: Business & Politics
Region: Canada, Canada East

U.S. President Donald Trump did not announce any tariffs against Canada during his inauguration on Monday but mused late in the day about introducing them on Feb. 1. …Almost half of the wood that is harvested from their woodlots in northern Nova Scotia ends up being exported to the U.S. “Any more downward pressure, I don’t know how much more we could take before it makes sense just not to cut wood,” Greg Watson said. …Forest Nova Scotia estimates the industry exports about $600 million in forest products to the U.S. every year. It estimates the implementation of tariffs could carry a severe impact. “You would see businesses go out of business,” said Todd Burgess, the organization’s executive director. “You would see contractors go out of business. You would see job losses. You would see mills curtail their production.”

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