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Western Forest Products Inc
Symbol WEF
Shares Issued 316,745,557
Close 2025-03-10 C$ 0.415
Market Cap C$ 131,449,406
Recent Sedar Documents

Globe says Canfor, rivals hear Trump threaten tariffs

2025-03-10 08:09 ET - In the News

See In the News (C-CFP) Canfor Corp

The Globe and Mail reports in its Saturday edition that President Donald Trump said Friday the United States could impose levies on lumber. The Globe's Nojoud Al Mallees and Brent Jang write that the U.S. has long alleged the Canadian lumber industry is government-subsidized because the "stumpage fees" paid to provincial governments for the right to log are too low. Softwood production from U.S. sawmills accounts for about 70 per cent of American domestic consumption, with Canadian lumber contributing 24 per cent and the rest from foreign suppliers. Of the lumber output within the U.S., less than 1 per cent is shipped north of the border. BC Lumber Trade Council president Kurt Niquidet said he is not aware of any long-standing Canadian tariffs on U.S.-produced softwood lumber, but the U.S. Department of Commerce imposes duties on softwood at a current rate of 14.4 per cent levied against most Canadian producers. Mr. Trump ordered a global investigation into softwood lumber trade, signing two executive orders on March 1. One order could lead to new tariffs on softwood imports, including from Canada, while the other aims to boost U.S. lumber production. The investigation is expected to conclude by the end of 2025.

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