The Globe and Mail reports in its Wednesday edition that the B.C. government predicts challenges in the forestry industry as U.S. tariffs take effect and timber availability declines. The Globe's Brent Jang writes that the provincial budget indicates lower tree harvesting volumes over the next three years, limiting softwood lumber production. The new 25-per-cent tariffs add to the existing 14.4-per-cent duties on Canadian softwood lumber, creating a double whammy for producers. "The tariffs are completely unjustified and will impose higher prices and needless economic pain on Canadian and American consumers and businesses," Bridgitte Anderson, president of the Greater Vancouver Board of Trade, said in a statement. Forestry industry experts say that American consumers will end up forking over more money because the U.S. tariffs could mostly flow through to retail pricing. Lumber companies in B.C. and other provinces are worried that with the tariffs now implemented, it will be especially painful because those new levies have been added on top of the U.S. duties. Tuesday's B.C. budget comes only three days after U.S. President Donald Trump ordered a new U.S. investigation into softwood lumber that is global in scope.
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