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U.S. slaps 20.56% anti-dumping duties on Canadian softwood lumber

The U.S. Commerce Department has decided to hike anti-dumping duties on Canadian softwood to 20.56 per cent, with B.C. lumber organizations calling them unjustified, punitive and protectionist. B.C. Forests Minister Ravi Parmar expects this decision would go into effect in the U.S. Federal Register shortly.

B.C.'s Independent Wood Processors Association says in a statement that the U.S. Commerce Department's decision to raise duties also includes a requirement for Canadian companies to retroactively remit duties for products shipped to the United States since Jan.1, 2023.

Prime Minister Mark Carney said earlier this month that a future trade agreement with the United States could include quotas on softwood lumber, an area that has caused friction between the two countries for years before the latest trade war. 

Please visit this link for more information: https://www.cbc.ca/news/canada/british-columbia/us-hikes-softwood-lumber-duties-1.7594807

 

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Canadian News Channel
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