US Raises Duties on Canadian Lumber to Over 35 Percent

Date:

US Raises Duties on Canadian Lumber to Over 35 Percent

Softwood lumber is pictured at a plant in Heffley Creek, B.C. The Canadian Press/Jonathan Hayward

The U.S. Department of Commerce says it has made a final decision to more than double countervailing duties on Canadian softwood lumber imports, a move business groups in British Columbia say will harm communities on both sides of the border.

A statement from the American department said the duty for most Canadian companies is being increased to 14.63 percent, up from 6.74 percent, after it determined softwood lumber from Canada was being unfairly subsidized.

spot_imgspot_imgspot_img

Share post:

More like this
Related

Feds Preferred Inflation Measure Rises to 3.5 Percent in March Amid Iran War

A man at a gas station in Elkridge, Md.,...

Belgium to Buy Engies Nuclear Assets in the Country to Secure Energy Supply

Belgian Prime Minister Bart De Wever takes a selfie...

Bank of England Holds Rates at 3.75 Percent

Andrew Bailey, governor of the Bank of England, during...