Canadian softwood producers hammered after talks with U.S. fail

The Canadian Press in the Financial Post
November 2, 2017
Category: Business & Politics
Region: Canada

MONTREAL — Canadian softwood lumber producers will be hit only slightly less forcefully as the U.S. government reduced export duties for most Canadian producers after ongoing political talks failed to reach a deal. In its final determination released Thursday, the Department of Commerce said most Canadian producers will pay a combined countervailing and anti-dumping rate of 20.83 per cent, down from 26.75 per cent in the preliminary determinations issued earlier this year. …The Canadian government responded by saying it will continue to defend the lumber industry against protectionist trade measures. “We are reviewing our options, including legal action through the North American Free Trade Agreement and the World Trade Organization, and we will not delay in taking action.”…Lumber products certified by the Atlantic Lumber Board as being first produced in Newfoundland and Labrador, Nova Scotia or Prince Edward Island are excluded from any duties.

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