Canada’s Lumber Industry Hit Hard as U.S. Raises Tariffs on Softwood to Over 34% | News9 скачать в хорошем качестве

Canada’s Lumber Industry Hit Hard as U.S. Raises Tariffs on Softwood to Over 34% | News9

Canada's softwood lumber industry is facing uncertainty after U.S. President Donald Trump raised tariffs from 14.45% to 34.45%. In British Columbia, companies like the Gorman Group are already feeling the pressure, with workers asking tough financial questions and shifts being cut. CEO Nick Arkle warns of significant losses, as the U.S. makes up 70% of their revenue. As Canadian sawmills consider new global markets, the broader North American housing market may soon face a supply crunch in affordable lumber. .............................................................................................. News9 is India's first fully integrated English news brand across all digital platforms. It includes a publishing platform, viz. www.news9live.com, a future-ready OTT platform, News9 Plus, and a 24-Hour video streaming service on connected TVs and all social platforms. Watch News9 Live - The English news brand that understands and fits perfectly into the digital-first lifestyles of our English news audiences. ► News9 Plus Website : https://www.news9plus.com/all ► News9 Plus App : https://news9plus.app.link/aPwz3P2psMb ► News9 OTT Coupons : https://bit.ly/4dwLDx4 ► Watch us on YouTube :    / news9live   ► Like us on Facebook :   / news9live   ► Follow us on Instagram :   / news9live   ► Follow us on Twitter :   / news9tweets   #lumbertariffs #canadanews #trumptrade #softwoodcrisis #housingmarket #bcforestry #uscanadatrade #trumptariffs #exportimpact #woodindustry #englishnews #tv9digital #tv9d #news #livestream & #news9livestreaming