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U.S. to Impose Additional Tariffs on Canadian Lumber Imports

  • Anti-dumping duties come after earlier countervailing tariffs
  • Tariffs are smaller than expected, negative for prices: RBC
Photographer: David Ryder/Bloomberg
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The U.S. will impose further punitive tariffs on imports of softwood lumber from Canada, escalating a longstanding trade dispute that’s already led to higher timber prices.

Preliminary anti-dumping duties of as much as 7.7 percent will be levied on Canadian producers, the U.S. Department of Commerce said Monday in a statement. The move follows the government’s decision in April to slap countervailing tariffs of up to 24.1 percent on shipments from Canadian companies including West Fraser Timber Co. and Canfor Corp.