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U.S. Finds Canada is Dumping Softwood Lumber, Sets Duties

(Thompson Reuters)

The U.S. Commerce Department said on Thursday it made a final finding that imports of Canadian softwood lumber are being unfairly subsidized and dumped in the United States, escalating a trade dispute with Canada in the midst of talks to renegotiate NAFTA.

The decision imposes anti-dumping and anti-subsidy duties affecting about $5.66 billion worth of imports of the key building material. The department said exporters from Canada have sold softwood lumber in the U.S. market at 3.20 per cent to 8.89 per cent less than fair value, and that Canada is providing unfair subsidies at rates of 3.34 per cent to 18.19 per cent. Click here to read more.

Related: U.S. Department of Commerce Finds Dumping and Subsidization of Imports of Softwood Lumber from Canada