The Commerce Department intends to reinstate higher anti-subsidy duties on certain imports of Canadian softwood lumber, after concluding it didn’t have the authority to conduct a type of “expedited” duty review, the department informed a federal court.
The change is opposed by Canadian public and private interests, and is subject to approval by the U.S. Court of International Trade.
The U.S. imported an estimated $5.66 billion worth of softwood lumber from Canada in 2016, according to Commerce, but the product has long been a source of trade tensions between the neighboring countries. The Trump administration imposed antidumping and countervailing duties.
Back in November 2020, the U.S. Department of Commerce reduced its penalties against imports of Canadian lumber, primarily from B.C. producers, in the softwood lumber dispute.
An administrative review of countervailing and anti-dumping duties reduced the tariffs to an average of nine percent from 20.23 percent, which had been levied on Canadian lumber starting in 2018.
The article will be updated as we gather more information…
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