Canada disappointed with final US softwood lumber tariff, says trade minister
OTTAWA – International Trade Minister Mary Ng and British Columbia lumber producers are disappointed that the US Department of Commerce has decided to increase tariffs on lumber producers in Canada. United States
OTTAWA – International Trade Minister Mary Ng and British Columbia lumber producers are disappointed that the US Department of Commerce has decided to increase tariffs on lumber producers in Canada.
The US government said on Wednesday that its final combined anti-dumping and countervailing duty rate for most Canadian producers will be 17.9 percent.
That’s slightly lower than the preliminary rate of 18.32% released in May, but double the initial rate of 8.99%.
Ng called on the United States to stop imposing “those unwarranted rights” that hurt Canadian communities, businesses and workers while increasing housing and renovation costs for American consumers.
Final rates for four Canadian producers were reduced slightly from May. The final rate of Canfor Corp. is 19.54%, compared to 21.04%; West Fraser Timber Co. Inc. is 11.12 percent, compared to 11.38 percent; Resolute Forest Products Inc. is 29.66 percent, compared to 30.22 percent; and JD Irving is 15 percent, up from 15.82 percent.
The BC Lumber Trade Council says final rates are not unexpected but still disappointing, especially as US producers are unable to meet domestic demand.
“Our firm hope is that the American industry will end this decades-long litigation and instead work with us to meet the demand for low-carbon wood products that the world wants, including American families,” he said. said board chair Susan Yurkovich.
“Until then, we will continue to vigorously defend our industry against these baseless allegations.”
Ng said the Canadian government will continue to defend the softwood lumber industry, including through litigation under Chapter 10 of the CUSMA trade agreement with Canada, the United States and Mexico, the Chapter 19 of NAFTA and the World Trade Organization.
âAt every step of the way, the decisions concluded that Canada was a fair trading partner,â she said in a press release.
âCanada has always been willing to explore ideas that allow a return to predictable cross-border softwood lumber trade and remains convinced that a negotiated solution to this long-standing trade problem is in the best interests of our workers. two countries.
This report by The Canadian Press was first published on November 24, 2021.
Companies in this story: (TSX: CFP, TSX: WFG, TSX: RFP)
The Canadian Press