U.S. plans to raise tariffs against Canadian softwood lumber producers

The U.S. Department of Commerce announced the preliminary determination of a combined anti-subsidy and anti-dumping duty rate of 13.86% in the fifth annual review of traded Canadian softwood lumber imports into the United States. This signals it intends to raise duties to 13.86 per cent, up from 8.05 per cent. ''Canada is "extremely disappointed" in the latest finding by the Commerce Department,'' Canada's International Trade Minister Mary Ng said.  Last month, Ng vowed to contest a U.S. International Trade Commission decision to keep the duties in place. She says ...