23:24:12 EDT Mon 30 Jun 2025
Enter Symbol
or Name
USA
CA



West Fraser Timber Co Ltd
Symbol WFG
Shares Issued 77,964,374
Close 2024-11-06 C$ 129.81
Market Cap C$ 10,120,555,389
Recent Sedar Documents

Globe says Canfor, rivals brace for Trump tariffs

2024-11-07 07:33 ET - In the News

See In the News (C-CFP) Canfor Corp

The Globe and Mail reports in its Thursday edition that the potential impact of Donald Trump's proposed tariffs can be seen in the Canada-U.S. softwood dispute. The Globe's Brent Jang writes that forestry experts warn that President Trump's tariffs on all goods could affect Canada and other countries. Since 2017, Canadian softwood companies have paid over $10-billion in U.S. duties, while production from U.S. sawmills, including those owned by Canadian firms, remains exempt from these duties. Canadian producers have established operations in the U.S. South over the past dozen years, finding a way to evade punitive duties on output. In the U.S. Department of Commerce's latest rate revision in September, the combined countervailing and anti-dumping duties totalled 14.4 per cent for most softwood from Canada, compared with 8.05 per cent earlier this year. Forestry analyst Russ Taylor says that even without Mr. Trump's return to the White House, the industry consensus is that U.S. lumber duties would surge to 30 per cent next year. CIBC's Hamir Patel says Canfor, which has a majority interest in a producer in Sweden, could face new tariffs in the range of 10 per cent for Swedish lumber shipments into the U.S. market.

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