Softwood lumber duties escalate concerns in B.C.’s forestry sector

The forestry sector in British Columbia is in jeopardy as U.S. softwood lumber duties threaten to rise dramatically in 2025. These duties, currently at 14.5%, could see a significant increase, potentially doubling according to Ravi Parmar, B.C.’s new Minister of Forests. Parmar highlighted this issue as a top priority during his early days in office, emphasizing the devastating impact such tariffs could have on the already struggling industry. Market data reveals the precarious state of B.C.’s forestry sector, with exports to the U.S. significantly constrained by these tariffs. The U.S. Department ...