Companies in the timber industry / Daily News / Global Trends / Market Analysis / Forestry / Lumber / Sawmilling / Wood construction / Wood Products / Global / North America
August 5, 2022
U.S. cuts softwood tariffs in half for Canadian lumber as trade dispute continues
The US Commerce Department is cutting tariffs against most Canadian softwood lumber producers by half, but the long-running trade dispute rages on as Canada plans to appeal a decision to maintain punitive tariff rates. After an administrative review, the US Commerce Department said Thursday that it will reduce the tariff rate for most Canadian lumber producers to 8.59%, compared to the current 17.91%. The Commerce Department had made its intentions to cut tariffs known in January, proposing a preliminary tariff rate of 11.64 percent, and has now lowered that amount further with ...
Register for unlimited access
We work hard to bring you the latest news in the world of international wood industry. The article you are currently reading is available only to registered users.
By registering you gain access to:
- Thousands of quality articles
- In-depth analyses of market trends
- Exclusive market price insights
- And much more!