Trump tariffs could lead to Quebec sawmills closing, forestry industry fears

  • 📰 CBCOttawa
  • ⏱ Reading Time:
  • 47 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 22%
  • Publisher: 51%

대한민국 뉴스 뉴스

대한민국 최근 뉴스,대한민국 헤드 라인

Quebec sawmill companies fear tariffs could rise to 30 per cent in 2025 after Donald Trump takes office.

Quebec forestry companies say they're worried former U.S. president Donald Trump's re-election will lead to more plants in the province closing.Posted: Nov 14, 2024 12:40 PM EST | Last Updated: 4 minutes ago

Forestry companies are already critical of paying a 14.54 per cent tax on lumber at the American border. Two of the company's plants will have to close indefinitely. The sawmills in Rivière-aux-Rats in Mauricie and those in Maniwaki in Outaouais will cease operations just before Christmas. More than 500 workers in the industry will be affected.

Maïté Blanchette Vézina, Quebec's miniser of natural resources, is part of the group of ministers Legault established to negotiate with the new Trump administration. Foresters estimate that $2 billion belonging to companies is stuck at customs because of U.S. tariffs. They want to recover the money, but in the meantime, they say they want loans from Quebec.

He also noted that taxing wood products, including pulp and paper exported to the United States, could significantly reduce the purchasing power of American households.

이 소식을 빠르게 읽을 수 있도록 요약했습니다. 뉴스에 관심이 있으시면 여기에서 전문을 읽으실 수 있습니다. 더 많은 것을 읽으십시오:

 /  🏆 68. in KR
 

귀하의 의견에 감사드립니다. 귀하의 의견은 검토 후 게시됩니다.

대한민국 최근 뉴스, 대한민국 헤드 라인