US tariff hike on softwood lumber, drawing criticism on both sides of the border

In February 2024, officials for the U.S. Department of Commerce indicated they would raise tariffs this year on imports of Canadian softwood lumber products from 8.05% to about 14%. The department made good on that promise in recent weeks, raising tariffs to 14.54%. The move follows the department’s fifth administrative review of its softwood lumber anti-dumping and countervailing duty orders, which it initiated in March 2023, announcing preliminary findings at the beginning of February 2024. On August 19, the agency issued the final results on antidumping and countervailing duties, averaging a combined total of ...