Canadian lumber producers face average 27 per cent duties with second wave
MONTREAL — Canada’s softwood lumber industry faces average duties of about 27 per cent after the U.S. Department of Commerce slapped it with an additional 6.87 per cent in preliminary average anti-dumping tariffs.
The new anti-dumping duty will overlap for about two months with average preliminary countervailing duties of 19.88 per cent announced in April that are set to expire Aug. 27.
Final combined duties will be applied around the end of the year when all determinations have been made.
Resolute Forest Products (TSX:RFP) was assessed Monday with the lowest duties of 4.59 per cent while Canfor (TSX:CFP) gets the highest at 7.72 per cent.