Since this news about tariffs was announced at the beginning of the week, we have had several meetings in the company. Naturally, we have to prepare for it. Our first reaction is to see whether our American customer, which represents about 50% of our lumber sales, will be able to cover this tax: our first reaction will be to charge the additional duties back to it. If this does not work as a result of market forces, there will definitely be mill closings.
On November 27th, 2024. See this statement in context.