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U.S. more than doubles Canadian softwood duties, starting immediately
U.S. more than doubles Canadian softwood duties, starting immediately

Edmonton Journal

time2 days ago

  • Business
  • Edmonton Journal

U.S. more than doubles Canadian softwood duties, starting immediately

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. Article content A statement from the American department says the duty for most Canadian companies is being increased to 14.63 per cent, up from 6.74 per cent, after it determined softwood lumber from Canada was being unfairly subsidized. Article content Article content The increase is on top of a recent jump in anti-dumping duties to 20.56 per cent, bring the total duty level for Canadian softwood to 35.19 per cent. Article content Article content The council says both the Canadian and U.S. governments need to make resolving the long-standing softwood lumber dispute a top economic priority. Article content 'In the absence of a negotiated settlement, BCLTC will continue working closely with the Government of Canada and industry partners to defend Canadian interests through all available legal channels, including proceedings under the United States-Mexico-Canada Agreement,' the statement says. Article content Article content The BC Council of Forest Industries says the provincial government needs to take action including streamlining permitting processes, activating provincial timber sales and removing cross-ministry bottlenecks. Article content Article content 'With the right policy tools, B.C. can send a strong message that it is committed to creating a climate where primary and secondary forest manufacturers want to invest, ensuring a steady supply of wood products for B.C., Canada, and beyond,' president Kim Haakstad said in a statement. Article content

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