B.C. forest sector could face double whammy of both duties and tariffs
www.biv.com
The U.S. Commerce Department today announced new preliminary anti-dumping duties on Canadian softwood lumber imports of 20 per cent.
Canadian softwood lumber producers already pay 14.4 per cent, on average, in anti-dumping and countervailing duties.
The duties won’t become final until August, when final determinations are expected to be made.
“It is deeply disappointing that the U.S. continues to impose these protectionist trade measures” said Kurt Niquidet, president of the BC Lumber Trade Council.
“The fact remains that the United States relies on Canadian softwood lumber imports and these duties will harm not only the B.C. forestry industry, but also U.S. consumers, who will bear some of the cost”.
Today’s release of the new preliminary duties is just the first shot across the bow in what is expected to be a nasty trade war, with additional tariffs that may be layered on top of duties.
"Today's announcement comes amidst U.S. President Donald J. Trump's threat to put a 25 per cent tariff on all products exported from our country to the United States, compounding the challenges for this important industry in B.C.," said B.C. Premier David Eby.