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“Not a margin we can absorb”: BC plywood manufacturer braces for Trump tariff

2 weeks ago 9

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A B.C. plywood manufacturer is bracing for impact as the 50 per cent U.S. tariff is scheduled to take effect Wednesday. The duties are expected to impact roughly $28 billion worth of Canadian exports. “A 50 per cent tariff is not a margin that we can absorb, nor is it something that U.S. customers will be willing to pay,” Richmond Plywood CFO Bhavjit Thandi said. U.S. President Donald Trump says the additional tariff will apply to a wide range of goods and is in response to retaliatory measures Canada has put in place since the trade war began. Ben O'Hara-Byrne has the details. For more info, please go to https://globalnews.ca/news/12024818/bc-plywood-manufacturer-cannot-absorb-50-tariff-cost-deadline-looms/ Subscribe to Global News Channel HERE: http://bit.ly/20fcXDc Follow Global News on X HERE: http://bit.ly/1Toz8mt Follow Global News on TikTok HERE: https://www.tiktok.com/@globalnews.ca?lang=en #GlobalNews
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