The U.S. Department of Commerce announced the affirmative final determinations of the antidumping duty (AD) and countervailing duty (CVD) investigations of imports of softwood lumber from Canada.
While significant efforts were made by the United States and Canada, and the respective softwood lumber industries, to reach a long-term settlement to this on-going trade dispute, the parties were unable to agree upon terms that were mutually acceptable, said Commerce Department in a statement. As a result, the investigations were continued and Commerce reached its final determinations.
The Commerce Department determined that exporters from Canada have sold softwood lumber the United States at 3.20% to 8.89% less than fair value. Commerce also determined that Canada is providing unfair subsidies to its producers of softwood lumber at rates from 3.34% to 18.19%.
As a result of today’s decision, Commerce will instruct U.S. Customs and Border Protection (CBP) to collect cash deposits from importers of softwood lumber from Canada based on the final rates.