Trade
US Hits Canada Lumber With 34% Duties Even Before Trump Tariffs
The current duties are the result of a trade dispute between Canada and the US that has been dragging on for decades.
Photographer: James MacDonald/Bloomberg
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The US is poised to more than double duties on Canadian softwood lumber to 34.45%, putting more pressure on US materials costs even before President Donald Trump places any new tariffs on the sector.
The US currently levies countervailing and anti-dumping duties totaling 14.4%, a level that was set last year. Those are now set to rise another 20 percentage points, according to a Department of Commerce memo.