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Canada’s $63bn lumber industry hit by Trump’s trade war

Levies and slowdown in US housing market are being felt north of the border

In the 1920s, Terrace, a small town nestled in the foothills of the mountains of British Columbia, was booming as the “pole capital of the world”, shipping Canadian cedar for telephone lines and power cables across the globe.

But today local sawmill owners such as Warren Gavronsky are on the frontline of a crisis hitting the country’s C$87bn (US$63bn) forestry industry as a result of US duties and a slowdown in the world’s largest economy.

“It’s the worst year in the last seven,” said the 45-year-old, the third generation in his family to run a mill, from his Just Cut It timber yard a few miles outside the town.

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