Tariffs and sawmill closures reshape North American lumber industry

North American lumber producers are bracing for one of the most disruptive trade environments in decades, as permanent capacity shutdowns, rising Canadian export duties, and potential Section 232 tariffs converge. The uncertainty comes as the market continues to recalibrate post-pandemic, with consumption still roughly 9% below COVID-era peaks. The sector is undergoing a fundamental shift in its cost structure. Even without the most extreme tariff scenarios materializing, industry analysts suggest the long-term impact may undo decades of tariff reductions achieved through global trade liberalization. Further downside risks loom if broader economic conditions deteriorate. A recession ...