The U.S. Department of Commerce has finalized a new anti-dumping duty rate of 20.56% on Canadian softwood lumber imports, up from the previous rate of 7.66%. The decision follows the sixth administrative review and applies to lumber imported during calendar year 2023. Countervailing duties of 6.74% remain in place, potentially bringing the combined rate to over 30%, depending on the outcome of a separate review. The Department cited “unfair trade practices” and pricing well below market value as justification for the revised rate. The new duties come amid ongoing trade tensions between the two ...