US authority decides to double tariff on Canadian softwood Lumber imports by 18.32 percent from 8.99 percent.

Posted on July 14, 2021   |  

  • These tariffs consist of Anti-dumping and Countervailing duties and is intended to offset the value of dumping and/or subsidizing of Canadian companies by Canadian government. 
  • USA expects this will help in leveling the playing field for domestic industries due to unfairly traded imports.
  • The aim is to protect the U.S. lumber industry from the unfair Canadian subsidies and to bring the lumber price back up to the market rates.
  • The decision comes despite the increasing lumber price by 275% since April 2020.
  • Lumber prices have increased more than $36,000 to the price of a new home and the price of millions of middle-class households

 



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