Business · Trade · 3 hrs ago

U.S. cuts duties on most Canadian softwood lumber to 24.75%

U.S. cuts duties on most Canadian softwood lumber to 24.75%

The U.S. lowered duties on most Canadian softwood lumber after an annual review.

The Commerce Department set the anti-dumping and countervailing duties at 24.75%, down from about 35%.

A separate 10% U.S. tariff remains, putting the total charge at roughly 35%.

The change affects Canadian exporters, including New Brunswick companies such as J.D. Irving, Arbec, H.J. Crabbe & Sons and Marwood.

The U.S. says Canadian lumber benefits from unfair subsidies because provincial governments charge fees for timber from public land, while most U.S. forest land is privately owned.

The duties have been applied since a Canada-U.S.

softwood trade deal expired in 2015.

The new rates take effect after publication in the Federal Register.

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