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Canada wins half‑price softwood duties for 2023
U S commerce department halves duties on Canadian softwood lumber after seven months of review. The new 13.2 percent rate will apply starting January, despite possible appeals that could delay finality for two years. BC companies stand to recover part of the $3 billion collected since 2002 as Canada pushes for a negotiated settlement. Industry leaders call the ruling a major win and a pressure point on U S producers.
MENTIONED IN THIS ARTICLE
Victoria
B.C
U.S
John Allan
BC Lumber Trade Council
U.S. Commerce Department
Commerce Department
Allan
Canada
Mike de Jong
WTO
NAFTA
U.S. International Trade Commission