Woodworking Industry News

Canadian News

Commerce's tariffs plan on 2023 Canadian softwood imports sparks war of words

The U.S. Department of Commerce announced April 4 the preliminary determination of an anti-subsidy rate of 14.38% in the sixth annual review of Canadian softwood lumber imports into the United States. In the new ruling, the Department determined a combined preliminary anti-subsidy and anti-dumping duty rate of 34.45% for Canadian lumber imported in the calendar year 2023.

Woodworking Industry News

'Oh (bleep),' says furniture CEO as stock tumbles after tariffs announcement

Expletives are not usually the sort of discourse heard when a CEO is discussing his company's financial results in a call with financial analysts, journalists, and investors. But, for Restoration Hardware's CEO Gary Friedman, his real-time surprise of "Oh (bleep),” perfectly fit the moment he learned that shares of his company were down 30% after the White House made its "Liberation Day" tariffs splash.

Woodworking Industry News

Wilsonart acquires Virginia Tile's woodworking distribution business

Virginia Tile, a division of Transom Capital Group-backed Artivo Surfaces, has sold its woodworking products distribution business to Wilsonart Engineered Surfaces. The acquired operations are headquartered in Kansas City, Kansas, with branches in Tulsa, Oklahoma City, Wichita, and Springfield, Missouri. The acquired locations distribute decorative surfaces, cabinet accessories, and decorative and functional hardware.