U.S. DOC Plans To Double Lumber Tariffs

The U.S. Department of Commerce (DOC) is propose a combined countervailing and anti-dumping duty rate of 18.32 per cent on imports of certain softwood lumber products from Canada. This is more than twice the current combined rate of 8.99 per cent. These rates will only be applicable to companies covered by the AR2, which include Canfor, West Fraser, Resolute, and JD Irving. “We find the significant increase in today’s preliminary rates troubling. It is particularly egregious given lumber prices are at a record high and demand is skyrocketing in the U.S. as families across the country look to repair, remodel, and build new homes,” says Susan Yurkovich, president of the British Columbia Lumber Trade Council. “As U.S. producers remain unable to meet domestic demand, the ongoing actions of the industry, resulting in these unwarranted tariffs, will ultimately further hurt American consumers by adding to their costs.” British Columbia is the largest Canadian exporter of softwood lumber to the U.S. The forest industry is a major contributor to the provincial economy. These findings are preliminary and may change in the final determination, which is expected to be released in November. The DOC conducts an annual review of anti-dumping and countervailing duty orders. The annual review process is similar to the process used for initial investigations, but applies only to companies that are subject to review.