Return of the Canadian Softwood Lumber Tariff

The Trump administration is slapping duties on billions of dollars of lumber imported from Canada, marking an escalation of trade tensions. The Commerce Department said that countervailing duties ranging from 3% to 24% would be applied retroactively on five Canadian lumber exporters. Overall the duties average about 20% and could amount to $1 billion. Additional penalties could be levied if Commerce determines Canadian lumber is being dumped into U.S. markets.  (read more...)