After making its final determination of lumber duties that have been plaguing Canadian softwood lumber, the United States (U.S.) Department of Commerce has revealed that it will be applied to most of the shipments of Canadian softwood lumber that would be entering the U.S.
According to the BC Local, the final countervailing duty rate has been announced at 14.25 per cent, a decrease from the preliminary duty set at 19.88 per cent, with the final anti-dumping duty rate at 6.58 per cent, also a decrease from the rate originally set at 6.87 per cent.
“It was good to see the duty amounts reduced and the decision not to seek retroactive payments related to the countervailing duty,” Steve Zika, CEO of Hampton Affiliates, said. “We continue to hope for a negotiated solution between the U.S. and Canada that is fair to both sides and returns the focus to growing the market for wood products.”
Source: BC Local