Members of the forest industry and the provincial government weighed in Monday on the Trump administration’s decision to raise tariffs on Canadian softwood lumber. Last week, the U.S. Commerce Department decided to raise anti-dumping duties on Canadian softwood to 20.56 per cent. A news release stated the province’s forest industry is “deeply troubled” by the decision to increase the duties by over 14 per cent. “Increasing anti-dumping duties to 20.56 per cent from the current average rate of 7.66 per cent is unjustified,” read the statement. “New Brunswick’s softwood lumber producers already face punitive and unfair anti-dumping and countervailing duties.” According to the statement, when combined with an anticipated rise in countervailing duties, the new increase to anti-dumping duties will mean an expected new total of 34 per cent by the middle of August.
Related content:
- J.D. Irving Press Release – Impact of new duties on New Brunswick’s forestry industry