US EditionTimber Industry Welcomes 10% Tariff as a 'Bit of Relief'
The new 10% tariff raises total levies on Canadian softwood lumber to over 45% amid U.S. claims of $1.2 billion in unfair subsidies by Canada.
- On October 14, the United States government implemented a 10 percent tariff on imported softwood lumber, impacting Canada and several other countries.
- The tariff followed an earlier probe and aims to counter alleged Canadian subsidies and dumping of softwood below market value, increasing total levies beyond 45 percent.
- Mark Ross, CEO of the association representing wood industry manufacturers and processors, said the 10 percent tariff was a welcome relief compared to the initially expected 50 percent and noted they are collaborating with exporters to address the additional costs.
- New Zealand’s Trade Minister Todd McClay stated they are seeking more information on how the tariffs will affect exporters and plan to collaborate with the US to emphasize that New Zealand’s timber products serve as a supplement to, rather than a rival of, American wood production.
- The $40 million tariff on New Zealand exports valued at $380 million signals financial impact, but forestry exporters are resilient and exploring adjustments over the next weeks.
17 Articles
17 Articles
Mélanie Joly considers these new customs duties "very painful" for forestry companies.
Customs duties of 10% on lumber raise concerns about the saturation of the Canadian market, which would weaken hundreds of jobs.
The Washington Hispanic
udgtvU.S. President Donald Trump imposed a series of tariffs on timber imports that will enter into force on October 14. In a presidential proclamation, the White House announced Monday a 10% global tariff on softwood imports. He also set a 25% global customs tariff on upholstered furniture, which will increase to 30% on January 1. Home renovation materials were most affected in the last round of U.S. import charges, which included a 25% global tarif…
Washington, Sep 30 (EFE).- The U.S. government reported that it will impose a 10% tariff on softwood imports, which will enter into force on October 14, at the same time as taxes on furniture manufactured abroad, which it has decided to postpone for two weeks. Details were shared by the White House after President Donald Trump initially announced that as of October 1, his country would apply 30% tariffs to some upholstered furniture and 50% to k…
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