Tariffs and some uncertainty
This is an awkward time at the moment for us to be quoting to our respected USA customers. Up till today (August 24th 2026), our Timber Bridges, Timber Stop Logs, Crane Mats, Timber Wedges and such have been duty and tariff free when shipping from our factory in Vancouver, BC Canada to the USA. These value added products have been part of the original NAFTA agreement in 1994 (32 years) and recently covered by the CUSMA agreement (2018). Today, these products are subject to a 50% tariff, which we are required to add to customer invoices. This amount is collected at the US border by US Customs. In other words, if a Timber Bridge is worth $1000 US dollars (purely an example), we now must invoice the customer at $1500 US funds. The $500 tariff is then submitted at the border (by Industrial Timber Products), we do not receive this money. We receive $1000 (only) for our Timber Bridge (in this example). As this is a completely new tariff policy, we are not sure of the details, but it looks like it is not returnable and it is not a deposit. We will be working through the details with our customers, explaining as best we can, how this will impact our mutual business. We will of course try to mitigate any problems arising from trade of our value-added timber products between Canada and the US. Please contact Doug to discuss further details.