In an email on Tuesday, February 1st, the U.S. Department of Commerce announced a review of reducing countervailing and antidumping duties on Canadian softwood lumber to 11.64%. This news follows after the U.S. raised rates on Canadian softwood lumber imports to 17.9% in November 2021, nearly double what it was previously.
The American Building Materials Alliance (Ñî¹óåú´«Ã½) has been in opposition of the tariff increase since news of it first hit the market. On November 29th, 2021, just days after the increase was put in place, Ñî¹óåú´«Ã½ delivered a . News of this reduction to 11.64% is a greatly welcomed win for Ñî¹óåú´«Ã½ and its members.
At a Senate hearing, Secretary Raimondo said that she “supports finding a lasting solution for the Canada softwood lumber issue to end the need for anti-dumping and countervailing duties.” The final decision on rates won’t be known until August.
The Ñî¹óåú´«Ã½ has made a new Softwood Lumber Agreement (SLA) a priority issue. A new SLA would bring stability and predictability to the pricing and availability of softwood lumber. The Ñî¹óåú´«Ã½ stands ready to work with the Biden Administration to help support initiatives that will lead to a negotiated agreement as soon as possible.
Ñî¹óåú´«Ã½ Priority: Softwood Lumber Agreement
Katherine Slye-Hernandez, PhD
January 5, 2023
Read More »
