West Fraser has to pay a new duty rate of 9.38 per cent compared to its current tariff of 8.25 per cent. Canfor will see growth for Canadian softwood sold in the United States to 7.29 percent, compared to the current 5.87 percent. The US Commerce Department plans to raise tariffs on two of Canada’s largest timber companies, while reducing tariffs on most other Canadian producers. Based on the Commerce Department’s preliminary assessment, joint countervailing and anti-dumping duties will increase for Vancouver-based West Fraser Timber and ...
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