US President Trump triggered a continental trade war with tariffs—as Canada, Mexico and China respond-in-kind. Not surprisingly, Trump’s announcement is leading to higher consumer prices, falling stock prices and higher lumber futures. In related news: the US also plans to triple anti-dumping duties on Canadian lumber; BC Premier Eby says the double whammy will devastate forestry; the BC Lumber Trade Council calls the move unjustified; and the US Lumber Coalition says they can fill the lumber gap.
In other news: Trump’s call for more logging gets Forest Resources Council support—despite claim that it is ‘legally murky‘; BC’s forest critic calls for a tax on US thermal coal; Amix Group buys Western’s Port Alberni sawmill; Stimson Lumber is planning a mill expansion; a sawdust explosion hits Mark Richey Woodworking; and Domtar’s Bill Edwards receives an Excellence in Leadership Award.
Finally, Canada’s pulp & paper sector is less exposed, but US investigation may target paper et al.
Kelly McCloskey, Tree Frog News