Canada’s small, medium lumber producers to feel U.S. retribution the most
OTTAWA — Some softwood lumber companies could begin issuing layoff notices as early as next week as they begin to feel the impact of punishing new tariffs President Donald Trump’s government has imposed on Canadian softwood, a B.C. MP warns.
Conservative MP Todd Doherty says several small and medium-sized businesses are already considering the steps they might be forced to take as early as next Monday.
Several, Doherty warned, aren’t sure how they will make the immediate cash deposits that will come due next week to pay for the new tariffs.
“It’s a dark day and it’s going to have some very serious impacts and right away,” he said in an interview. “One of the companies we have spoken to says as early as Monday they will be looking at what they need to do.”