Tariffs Threaten New Brunswick’s Wood Sector | Winnipeg News

New U.S. tariffs threaten to slam New Brunswick’s wood product sector, with potential 50% duties hitting August 19 if no deal forms—putting small, labor-heavy businesses at risk and sparking fears of localized economic collapse. Though the province estimates less than 1% of total exports at stake, $112 million in paper goods could vanish, disproportionately hurting communities already vulnerable. Experts warn this uncertainty cripples hiring and growth, echoing past downturns tied to lost employers. While provincial efforts focus on productivity and new markets, small business advocates push for smoother Canadian trade—something many say has grown harder, not easier. The coming weeks will reveal whether New Brunswick leans into export-driven forestry or pivots toward government services, with the fate of local economies hanging in the balance. Listen in comfort:Get a discount on a Soli Pillow: http://solipillow.com/discount/dnn. Advertise on DNN:[email protected] This is an automated, high-level news summary based on public reporting.Report issues to [email protected]. View sources & latest updates:https://sources.thednn.ai/1b3f8dfa8ff83dd6