Reported 21 days ago
The southern US is set to surpass Canada in softwood lumber capacity for the first time since at least 1970, largely due to increasing US tariffs on Canadian lumber and challenges faced by Canadian producers. With import duties raised by nearly 81% and the potential for further increases, the Canadian lumber sector, particularly in British Columbia, is under severe strain. This shift highlights the impact of trade policies on industry dynamics, positioning the US region as a growing competitor while Canada’s lumber industry struggles to maintain its long-standing dominance.
Source: YAHOO