On our side of the business, which is pulp and paper, we were initially exposed to tariffs. When the notion first came about in August or September 2024, we were exposed, and that wreaked havoc in our markets. Subsequently, we do not pay tariffs on the pulp and paper products, because they're covered under the CUSMA.
That's my sector, but in the sector that I am absolutely reliant on, meaning the softwood lumber sector, it's the same. It's about 45% in Ontario, about 35% of which is the duty. The additional 10% is the tariff. Our supply chain, which is the three sawmills that supply us with chips, is struggling financially, so while I just described my business to you as being in great peril, so is theirs, and this house of cards could collapse on either side of that equation based on the tariffs.
