U.S. moves to double tariffs on Canadian softwood lumber imports

Workers sort wood at Murray Brothers Lumber Company woodlot in Madawaska, Ont. in this file photo from April 2017. (Sean Kilpatrick/Canadian Press)

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A move by the U.S. Commerce Department to increase preliminary tariffs on softwood lumber imports from Canada, if finalized, will raise producer costs and cut into their profits but is unlikely to affect prices to consumers of wood products, analysts say.

The department's recommendation to more than double the "all others" preliminary countervailing and anti-dumping rate to 18.32 per cent from 8.99 per cent on Friday drew criticism from the Canadian government and industry and applause from the lumber industry south of the border.

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Source: CBC News

 

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