Canfor Corp. is bearing the brunt as new tariffs on softwood lumber exports into the United States come into effect. Starting this week, the penalty will be 19.54% – more than quadruple the 4.62% it had been paying. It's of little solace the U.S. Commerce Department had been considering a slightly higher 21% in May when preliminary tariffs were announced. Combined, Canadian lumber producers will be paying 17.9% – slightly below the 18.32% preliminary rate issued in May, but double the initial 8.99 ...
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