Trump Administration Lumber Tariffs Are Largely In Line With Expectations; Canfor Undervalued
On April 24, following an extended period of negotiation between the U.S. and Canadian governments and lumber companies, Secretary of Commerce Wilbur Ross announced the preliminary imposition of tariffs on U.S.-bound shipments of softwood lumber. The tariff will average 20% of the transacted value, which is in line with what we have currently assumed in our West Fraser and Canfor valuations. Given the substantial size of both Canfor and West Fraser, each company will face distinct tariff rates, ...West Fraser Timber is an integrated wood products company producing lumber, newprint, wood chips, plywood, panels and pulp and paper products.
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