U.S. to raise tariffs for Canada’s two largest lumber companies as trade fight persists

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U.S. to raise tariffs for Canada’s two largest lumber companies as trade fight persists
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The combined countervailing and anti-dumping duties will rise for West Fraser Timber Co. Ltd. and Canfor Corp.

The U.S. Department of Commerce plans to raise tariffs for Canada’s two largest lumber companies, while lowering duties on most other Canadian producers.

Saint John-based J.D. Irving Ltd., which recently ranked as Canada’s fifth-largest lumber producer, has been assessed a higher rate of 7.77 per cent, compared with the current 7.17 per cent. The 2006 Canada-U.S. softwood agreement expired in October, 2015, with no replacement. In the latest round of the long-running trade dispute, Canadian producers have been paying U.S. lumber duties since April, 2017.Most forests in Canada are on Crown land, with forestry companies paying “stumpage fees” to provincial governments for the right to log. The U.S. Lumber Coalition argues that the U.S.

Canada counters that its producers get no subsidies, and they have not been dumping into the U.S. market.

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