The Trump lumber duty strategy and its impact on the global wood markets

This week the US Department of Commerce announced its preliminary conclusions on Canadian softwood lumber anti dumping duties. These duties will rise from 7,66% to 20,07% on top of which countervailing duties of 6,74% will be applied bringing the total amount of duties close to 30%. Unlike the 25% blanket tariffs on Canadian imports to the US, now delayed, which appear to be a negotiating tool the anti dumping duties and countervailing duties are there to stay. They are part of a core strategic goal of the administration which is to raise the US production of ...