NEWS

To align with anti-greenwashing regulations, the Forest Stewardship Council is revising its Trademark Use Guide for Promotional Licence Holders. The guide sets the rules for how retailers and brands may use FSC trademarks to promote their commitment to sustainable forestry.

The IRS has published official guidance to businesses on 100% bonus depreciation, which was reinstated and made permanent last summer. It applies to property acquired and put in service after January 19, 2025, and includes transition provisions.

In a win for our industry, the bipartisan legislation includes $15 million for the Community Wood Grant program, funds the Wood Innovation Grant program at $30 million, and includes a directive encouraging EPA, USDA, and DOE to recognize biomass energy as carbon neutral.

The American Hardwood Export Council commissioned jurisdictional risk assessments to evaluate the risk of any illegality associated with hardwood production in the U.S., to support due diligence required by regulations like the EU Deforestation Regulation (EUDR). The 37 American Hardwood Assured risk assessments show that there is "negligible risk" across all criteria. This result demonstrates the strength of U.S. forest governance.

President Trump warned Canada that the U.S. would impose 100% tariffs on Canadian products if Prime Minister Carney signs a trade deal with China. "If [Prime Minister] Carney thinks he is going to make Canada a ‘Drop Off Port’ for China to send goods and products into the United States, he is sorely mistaken," Trump stated.

PHOTO © JOYCE N. BOGHOSIAN