U.S. hikes duty on Canadian softwood lumber to 17.9% — twice the old rate

U.S. hikes duty on Canadian softwood lumber to 17.9% — twice the old rate

U.S. hikes duty on Canadian softwood lumber to 17.9% — twice the old rate Ongoing trade dispute goes back decades Latest - New tariff will add about $99 to the cost of a thousand board-feet of wood in U.S. Officials from various Canadian governments and the lumber industry are expressing disappointment that the U.S. has decided to go ahead with a plan to double the amount of duty it imposes on softwood lumber that comes from Canada. On Wednesday, the U.S. Department of Commerce said it will proceed to impose duties of 17.9 per cent, on average on softwood lumber imported from Canada. That's twice the previous 8.99 per cent rate. In May, the U.S. government said it planned to hike the rate to 18.32 per cent, but after further …
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