{"id":76121,"date":"2018-07-23T10:00:09","date_gmt":"2018-07-23T10:00:09","guid":{"rendered":"https:\/\/tin.happy-projects.ro\/lumber-companies-canada-lost-millions-dollars-due-us-tariffs\/"},"modified":"2025-09-19T08:48:36","modified_gmt":"2025-09-19T08:48:36","slug":"lumber-companies-canada-lost-millions-dollars-due-us-tariffs","status":"publish","type":"post","link":"https:\/\/www.timberindustrynews.com\/ro\/lumber-companies-canada-lost-millions-dollars-due-us-tariffs\/","title":{"rendered":"Lumber companies in Canada lost millions of dollars due to US tariffs"},"content":{"rendered":"

U.S. duties introduced on softwood lumber imports from Canada determined a lot of financial difficulties to Canadian lumber companies. The Canadian\u00a0J.D. Irving Ltd. (JDI) says that since the start of the dispute the company lost US$ 30 million.\u00a0<\/em><\/p>\n

J.D. Irving expects that number to jump to $45 million by the end of the year, according to cbc.ca.<\/p>\n

J\u00e9r\u00f4me Pelletier, vice-president of the sawmills division for JDI, said the tariffs are a significant additional cost to the company and have a negative impact.<\/em><\/p><\/blockquote>\n

While JDI was able to recieve a lower combined countervailing and anti-dumping duty rate of 9.92 per cent, all other sawmills in the province must pay a rate of 20.83 per cent.<\/p>\n

The impact of these tariffs has been tempered by a growing need for softwood lumber, which has driven up prices of the resource by an average of 25 per cent, cbc.ca reports.<\/p>\n

JDI owns 11 sawmills in New Brunswick, Nova Scotia and Maine. Pelletier said the tariffs have meant less modernization work at the mills.<\/p>","protected":false},"excerpt":{"rendered":"

U.S. duties introduced on softwood lumber imports from Canada determined a lot of financial difficulties to Canadian lumber companies. The Canadian\u00a0J.D. Irving Ltd. (JDI) says that since the start of the dispute the company lost US$ 30 million.\u00a0 J.D. Irving … Continue reading →<\/span><\/a><\/p>","protected":false},"author":1,"featured_media":59416,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"inline_featured_image":false,"footnotes":""},"categories":[4713,4716,4715],"tags":[3313,3306,3352,3252,3915],"class_list":["post-76121","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-companies-in-the-timber-industry","category-latest-trends","category-market-analysis","tag-canada","tag-lumber","tag-softwood","tag-us","tag-us-duties","topic-forestry","topic-sawmilling","area-north-america"],"acf":[],"yoast_head":"\nLumber companies in Canada lost millions of dollars due to US tariffs<\/title>\n<meta name=\"description\" content=\"U.S. duties introduced on softwood lumber imports from Canada determined a lot of financial difficulties to Canadian lumber companies.\" \/>\n<meta name=\"robots\" content=\"index, follow, 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