(Josh Wingrove & Andrew Mayeda – Bloomberg)
The U.S. has slapped final anti-dumping and countervailing duties on Canadian lumber, the latest step in another lengthy legal battle over softwood.
The Commerce Department announced slightly lowered initial rates Wednesday for producers West Fraser Timber Co. and Canfor Corp., with combined duties of 23.6 percent and 20.5 percent respectively. Duties for Resolute Forest Products Inc. and Tolko Marketing and Sales Ltd. were unchanged.
The move follows preliminary rulings and determinations. Canada has already launched challenges of the duties and reiterated its objection after Wednesday’s announcement. The Trudeau government argues the duties will leave the U.S. with a shortage of wood. Click here to read more.