Canada 'Extremely Disappointed' With Increasing U.S. Tariffs

The U.S. government has decided to almost double the duties on Canadian softwood lumber from most producers to 17.9 per cent and Canada is “extremely disappointed,” says Mary Ng, trade minister. The current rate for most companies is about nine per cent. The U.S. Department of Commerce decided on the increase after a second administrative review of its anti-dumping and countervailing duty orders regarding certain softwood lumber products from Canada. Canada's softwood lumber industry is a key component of the country's forestry sector, which contributed more than $25 billion to the nation's gross domestic product in 2020 and employed nearly 185,000 workers. Susan Yurkovich, president of the BC Lumber Trade Council, says, “Our strong hope is that the U.S. industry will end this decades-long litigation and instead work with us to meet demand for the low-carbon wood products the world wants, including American families."