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.
