U.S. Commerce Department said it will decrease the duty rate for most Canadian lumber producers to 8.59 per cent, compared with the current 17.91 per cent
The U.S. Department of Commerce is lowering tariffs against most Canadian softwood producers by half, but the long-running trade dispute lingers.
The Commerce Department had made its intentions known in January to reduce tariffs, proposing a preliminary duty rate of 11.64 per cent, and has now reduced that amount further with a final rate of 8.59 per cent.Under the new tariff schedule, Vancouver-based Canfor Corp. will see its duty rate drop to 5.87 per cent, down from the current 19.54 per cent.
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