The U.S. Commerce Department issues a final finding that imports of Canadian softwood lumber are being unfairly subsidized and dumped on the U.S. market, escalating a trade dispute between the two countries.
If the tariffs announced today become permanent, most Canadian producers would pay a combined countervailing and anti-dumping rate of ~20% or more, depending on the Canadian mill.
The U.S. imported $5.66B worth of softwood lumber from Canada during 2016.
Now read: My Loss, Your Profit: Buy WOOD! »