U.S. nearly doubles duty on Canadian softwood lumber

August 14, 2024

The U.S. is dramatically increasing the duty it charges on softwood lumber imports from Canada, setting the rate at 14.54 per cent. The previous duty was 8.05 per cent.

The new rate was shared with trade groups and government officials on Tuesday, but was not immediately posted to the U.S. Federal Register.

In a written statement, Mary Ng, minister of export promotion, international trade and economic development, called the increase disappointing.

"Baseless and unfair U.S. duties on softwood lumber unjustifiably harm consumers and producers on both sides of the border. This latest measure will negatively impact workers and their communities," said Ng.

In British Columbia, Bruce Ralston, minister of forests, echoed Ng's sentiments.

"I am immensely disappointed with the U.S. Department of Commerce's decision to increase unfair and unwarranted softwood lumber duties," said Ralston...

This was excerpted from the 14 August 2024 edition of CBC News.

Topic(s)

Exports

International Trade and Border Management

Information source

Canadian News Channel

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