The U.S. Department of Commerce strikes hard! Canadian softwood lumber faces a new round of high tariffs

The U.S. Department of Commerce (DOC) has published new anti-dumping and countervailing duty rates on imported Canadian softwood lumber products in the Federal Register. The finalized rates from the fifth administrative review will take effect on August 19, 2024, and the overall tariff level will increase from the previous 8.05% to 14.54%.

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