U.S. one step closer to imposing permanent duties on Canadian softwood lumber

The U.S. Commerce Department just released its final determinations in its antidumping (AD) and countervailing (CVD) duty investigations against Canadian softwood lumber imported into the U.S. As expected, Commerce announced it will indeed impose finalized duties in both cases. Commerce revised its tariff rates to be slightly lower and also excluded lumber from Newfoundland and

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Key dates this fall in softwood lumber dispute

This spring, the U.S. slapped countervailing duties on its imports of Canadian softwood lumber, followed by anti-dumping tariffs. As August winds down, Canadian exporters are getting a brief reprieve, but the trade dispute is not over. Below is a brief update with some of the key softwood dates this fall: August 25 The preliminary countervailing duties

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What Ottawa’s softwood lumber aid package means for the industry

Today’s announcement of an $867 million support package from Ottawa for the softwood sector comes just one month after the U.S. imposed countervailing duties, averaging 20 per cent, on Canadian softwood lumber shipped into the U.S. The quick response from the federal government comes even before the full extent of the impact of U.S. duties

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Dairy, lumber and NAFTA: Protectionism hurts consumers on both sides of the border

For more than 20 years, the North American Free Trade Agreement (NAFTA) has facilitated an expansion of trade in goods and services between Canada, the United States and Mexico. That expansion, the business built upon it and US$2 billion a day in trade between Canada and the U.S. are all potentially at some risk in

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Latest salvo in softwood war must galvanize Canada on market diversification

It’s official. This week, the U.S. Commerce Department announced it will impose countervailing duties on Canadian softwood lumber entering the U.S. – an average of 20 per cent. In June, it will conclude a second investigation initiated by the U.S. lumber lobby, and is expected to slap additional anti-dumping duties of 20 to 30 per

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Market diversification is Canada’s best defence in softwood dispute

This week’s federal budget promised Ottawa is working “towards a new softwood lumber trade agreement that will be fair and helpful to consumers and businesses on both sides of the border (pdf).” However, the budget contains few measures directed at the industry in the likely event that a new agreement is not reached before the U.S.

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