Lumber businesses catch break with Canada and Mexico tariff exceptions

BC Lumber Trade Council Responds To U.S. Department Of Commerce Preliminary Determination On Countervailing Duties On Canadian Softwood Lumber - Wood Business

The BC Lumber Trade Council (BCLTC) is deeply disappointed by the U.S. Department of Commerce’s preliminary decision to more than double countervailing duties on imports of Canadian softwood lumber from 6.74% to 14.38%.  Combined with Commerce’s preliminary decision earlier this year to increase anti-dumping duties to 20.07%, this could bring the total combined duty rate to 34.45% this fall if Commerce maintains these rates in its final results.…

Lumber businesses catch break with Canada and Mexico tariff exceptions

Approximately 85% of all U.S. softwood lumber imports come from Canada.

Good and Bad News on Lumber Production and Tariffs

Recent developments on the lumber front indicate that increased logging from federal lands and higher tariffs are in the offing later this year.

The White House assured that no 10% tariffs will be applied to Mexico and Canada; it rectified the statement made earlier by US Treasury Secretary Scott Bessent This Wednesday, the White House assured that Mexico and Canada will not be covered by 10 percent of tariffs announced by US President Donald Trump; thus rectifying what was said earlier by US Treasury Secretary Scott Bessent. An official from the US presidential office reported that “non…