US Commerce Secretary Lutnick expects a 25% tariff on steel and aluminum on Wednesday, but lumber and dairy tariffs not until April 2nd. In related news: Canada’s next prime minister faces US trade war; Ottawa announces $6.5B aid for businesses effected; Canfor looks to diversify its markets; and Peter Harrell says the US trade action lacks legal foundation. Meanwhile: US lumber futures slide on tariff delay; and a made-in-USA futures rate is coming for Southern yellow pine.
In other Business news: Nova Scotia awaits feasibility study for new pulp mill; Williams Lake, BC power plant closure is averted; and the EU Commission investigates plywood imports from Brazil. In Forestry/Climate news: UBC Forestry to study cultural and prescribed burning; new research reveals how US forests have changed over time; and logging updates from Oregon; Arizona, Vermont; and South Dakota.
Finally, Bruce St. John opines on Canada Wood’s decades-long market diversification efforts.
Kelly McCloskey, Tree Frog News Editor