Anti-Dumping Duties Announced
Prince George, B.C.- The U.S. Department of Commerce has announced its preliminary softwood anti-dumping duties to be imposed on Canadian softwood producers.
The preliminary anti-dumping rates imposed by the U.S. today are as follows: Canfor 7.72%, Resolute 4.59%, Tolko 7.53%, West Fraser 6.76%, and 6.87% for ‘all others.’
These anti-dumping duties are in addition to the preliminary countervailing duties imposed in April 2017 and result in a combined duty rate ranging from 26.75% to 30.88% for B.C. producers.
The combined tariffs and duties may be too much for the smaller producers to carry as they simply don’t have the cash assets to cover the added costs until the softwood matter is resolved either through a new agreement or a settlement in court.
Reacting to the announcement, Susan Yurkovich, head of the BC Lumber Trade Council, says the industry will continue to vigorously defend the industry against the duties “These duties result from the trade action which is part of the continued attempt by the protectionist U.S. lumber lobby to constrain imports of high-quality Canadian lumber into the U.S. market and to drive up prices for their benefit,” said Yurkovich,. She maintains the allegations being levelled by the U.S. industry “are without merit.”
“American demand for lumber exceeds what the U.S. lumber industry currently produces” says Yurkovich who adds “there is enough demand in North America to grow the U.S. industry while also allowing Canada to continue to supply our U.S customers as we have been doing for decades. Canadian lumber companies have always traded fairly. This action by the U.S. lumber lobby ultimately punishes American consumers who are faced with higher lumber prices when they buy, build or renovate their home.”
She says the punitive duties in place not only hurt Canadian companies, workers and communities, it hurts the U.S. consumers as prices are pushed higher.
Yurkovich says instead of launching trade actions, producers on both sides of the border should be working together to grow the use of wood.