The U.S. Department of Commerce on Tuesday reduced its penalties against imports of Canadian lumber, primarily from B.C. producers, in the softwood lumber dispute. An administrative review of countervailing and anti-dumping duties reduced the tariffs to an average of nine per cent from 20.23 per cent, which had been levied on Canadian lumber starting in 2018. The new rate will take effect when it’s posted to the commerce department’s registry. That decision was”a step in the right direction” but doesn’t ...
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