{"id":74861,"date":"2017-04-10T08:01:00","date_gmt":"2017-04-10T08:01:00","guid":{"rendered":"https:\/\/tin.happy-projects.ro\/us-impose-duties-totaling-30-40-canadian-lumber-imports\/"},"modified":"2025-09-19T08:47:00","modified_gmt":"2025-09-19T08:47:00","slug":"us-impose-duties-totaling-30-40-canadian-lumber-imports","status":"publish","type":"post","link":"https:\/\/www.timberindustrynews.com\/ro\/us-impose-duties-totaling-30-40-canadian-lumber-imports\/","title":{"rendered":"US to impose duties totaling 30% to 40% for Canadian lumber imports"},"content":{"rendered":"

Canada's forestry sector awaits for new softwood lumber exports tariffs from the US. Analysts believe that the US will impose\u00a0countervailing and anti-dumping duties totalling 30% to 40%.<\/strong><\/em><\/p>\n

As reported by The Globe and Mail, the U.S. Department of Commerce is slated to issue its preliminary determination for countervailing duties on April 24, a move targeted\u00a0to stop Canada\u2019s allegedly unfair lumber subsidies.<\/p>\n

\u201cThe U.S. is asking for the moon \u2013 very high duties on a wider scope of products like pallets that never used to have a penalty before.\u00a0For Canadian producers, it means you will get a bill from U.S. customs asking for a cash percentage for all the wood that you already shipped. You will need to put down cash deposits,\"<\/em>\u00a0said Keta Kosman, publisher of industry newsletter Madison\u2019s Lumber Reporter.<\/p>\n

Canadian producers will have to face the retroactive duties as they won't be able to pass the expenses on the customers in the US. Though, some retroactive and future duties could be recovered on appeal.<\/p>\n

Cash deposits would be held in trust by the United States, subject to final duty rates and Canadian appeals of U.S. rulings, according to the B.C. Ministry of Forests. Assuming duties are imposed, Canadian companies must pay cash deposits for up to six months on their lumber exports to the United States, but further deposits would be suspended until a final determination in early 2018, the ministry said, according to the Globe and Mail.<\/p>\n

Last year, 61% of the softwood lumber exports from Canada to the US came from British Columbia. At the moment, the benchmark lumber prices are higher than last year and could rise even more with the duties imposition.<\/p>\n

Prices for benchmark two-byfours made from Western spruce, pine and fir recently hit $362 (U.S.) for 1,000 board feet, up 17 per cent from late March, 2016, according to data compiled by Madison\u2019s. Prices fell to $130 for 1,000 board feet in early 2009, but the rebound in U.S. homebuilding activity since then has boosted demand, the Globe and Mail reports.<\/p>\n

\u201cU.S. import barriers will probably lead to lower imports from Canada and put upward pressure on prices in the U.S. market<\/em>,\u201d Capital Economics said.<\/p>\n

A preliminary announcement on anti-dumping duties is expected in mid-June, while the preliminary anti-dumping duty rate could take effect July 1 and have a 90day retroactive clause.<\/p>\n

\u201cWe should be working collectively to grow the market, rather than litigation,<\/em>\u201d said COFI president Susan Yurkovich, who is also president of the BC Lumber Trade Council.\u201cThe Americans claim that we are subsidized, but we have defended our industry successfully in successive litigation<\/em>.\u201d<\/p>\n

The 2006 Canada-U.S. softwood-lumber agreement expired in October, 2015. After a one-year litigation moratorium, the U.S. Lumber Coalition claims that Canada subsidizes and dumps its lumber south of the border, injuring the American industry.<\/p>","protected":false},"excerpt":{"rendered":"

Canada’s forestry sector awaits for new softwood lumber exports tariffs from the US. Analysts believe that the US will impose\u00a0countervailing and anti-dumping duties totalling 30% to 40%. As reported by The Globe and Mail, the U.S. Department of Commerce is … Continue reading →<\/span><\/a><\/p>","protected":false},"author":1,"featured_media":49943,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"inline_featured_image":false,"footnotes":""},"categories":[4715],"tags":[3313,3459,3432,3252],"class_list":["post-74861","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-market-analysis","tag-canada","tag-duties","tag-softwood-lumber","tag-us","topic-forestry","topic-sawmilling","area-north-america"],"acf":[],"yoast_head":"\nUS to impose duties totaling 30% to 40% for Canadian lumber imports<\/title>\n<meta name=\"description\" content=\"Canada's forestry sector awaits for new softwood lumber exports tariffs from the US.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link 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