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 impose on the invoice to the customer and which is collected at the US border by US Customs. In other words, if a Timber Bridge was worth $1000 US dollars, we would invoice to the customer at $1500 US funds. The $500 tariff is then submitted at the border (by Industrial Timber Products), we do not receive it. We receive $1000 (only) for our Timber Bridge (in this example). I believe the $500 goes into the US treasury, but this is unclear at the moment, in any case it is not returnable, it is not a deposit. We will be working through the details with our customers, explaining as best we can, how this is impacting 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.