The U.S. Department of Commerce has finalized its latest review of countervailing duties on Canadian softwood lumber, more than doubling the rate for most producers in a decision that drew criticism from Canadian officials and industry groups.
The department said in an Aug. 8 release that its latest annual administrative review found that Canadian lumber was “unfairly subsidized” at rates ranging from just over 12 percent to nearly 17 percent.
The department then set the final tariff rate for most Canadian producers—those not individually examined—at 14.63 percent, up from 6.74 percent in the previous review.
The hike comes on top of anti-dumping duties recently raised to 20.56 percent, pushing the combined tariff rate on most Canadian softwood to 35.19 percent. The Commerce Department said U.S. Customs and Border Protection will begin collecting at the new rates immediately….
Trump Admin Imposes Higher Tariffs on Canadian Lumber
