Economy

US makes final finding Canada lumber dumped, sets duties

US makes final finding Canada lumber dumped, sets duties”

"While significant efforts were made by the United States and Canada, and the respective softwood lumber industries, to reach a long-term settlement to this on-going trade dispute, the parties".

In April, the U.S. Department of Commerce ruled that Canada subsidizes softwood lumber production, distorting the U.S. softwood lumber market to the detriment of U.S. sawmills, their employees and communities.

"This decision is based on a full and unbiased review of the facts in an open and transparent process that defends American workers and businesses from unfair trade practices", Ross said.

The decision is likely to escalate tensions between the United States and Canada during already hard negotiations to modernize the North American Free Trade Agreement.

The United States imported $5.7 billion worth of Canadian softwood lumber in 2016, according to the department, up from $4.5 billion in 2015.

Thursday's announcement followed August's move to launch a dumping probe into Canadian paper imports, which was followed by Washington's decision to impose heavy tariffs on imports of jets from Canadian aircraft manufacturer Bombardier. The department said exporters from Canada have sold softwood lumber in the US market at 3.20 percent to 8.89 percent less than fair-market value, and that Canada is providing unfair subsidies at rates of 3.34 percent to 18.19 percent.

The combined final determination rates as announced by the U.S. Department of Commerce are: Canfor 22.13 percent; Resolute 17.90 percent; Tolko 22.07; W. Fraser 23.76 percent; Irving 9.92 percent; All Others 20.83 percent.

With the USA and Canada unable to reach a long-term settlement, the Commerce Department on Thursday announced affirmative final determinations in antidumping and countervailing duty investigations of softwood lumber imports from Canada.

If the ITC agrees with Thursday's decision, the Commerce Department will issue orders to collect the duties.



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