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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 a final ...

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