The direct impact is on log prices. They factor in these costs that the lumber producers are having to pay—the tariffs—and they drive down the prices for domestic logs that are consumed in these mills and first nations are selling to them. A lot of these operations aren't viable because of this—a lot of the wood doesn't get logged; a lot of the wood sits; a lot of the volume still remains standing. As far as new logging operations go, on the coast of British Columbia there is more and more volume and tenure being awarded to the first nations as we speak. Currently, with the way things are economically, it's very difficult to start up a new business in the logging operation. If they reduce the tariffs and duties, hopefully that will increase log prices, and we can get some of these operations going.
On February 26th, 2020. See this statement in context.