U.S. Duties Saw Off a Sizable Chunk of Canadian Lumber ExportsBy
With the U.S. and Canada at odds over steel and the North American Free Trade Agreement, new figures show how import duties on lumber rattled shipments heading south of the border.
Canada’s exports of lumber and sawmill products dropped 14 percent in January, the largest monthly decline since March 2014, according to data released Wednesday in Ottawa.
“This decrease occurred as the U.S. Department of Commerce resumed collecting import duties on Canadian lumber in late December 2017,” Statistics Canada report said. The lumber decline along with shutdowns at auto plants -- another industry the U.S. administration wants to reshape in its favor -- curbed total shipments abroad for the first time in four months.