91

U.S. International Trade Commission: Canadian Lumber Duties Can Stay in Place

Regulations
Published

The U.S. International Trade Commission (ITC) announced today that it will not rescind the existing combined countervailing and antidumping duties totaling roughly 9% on certain Canadian softwood lumber products coming into the United States.

In a announcing a five-year sunset review process, the ITC said that it “determined that revoking the existing antidumping and countervailing duty orders on certain softwood lumber products from Canada would be likely to lead to continuation or recurrence of material injury within a reasonably foreseeable time. As a result of the Commission’s affirmative determinations, the existing orders on imports of this product from Canada will remain in place.”

NAHB has always opposed the lumber duties because they act as a tax on American home buyers and home builders and artificially drive up the cost of housing. We are disappointed in the outcome and continue to urge the U.S. and Canada to work on a long-term solution that will eliminate tariffs.

After the ITC announced the results of the sunset review regarding softwood lumber products from Canada, Mary Ng, the Canadian Minister of Export Promotion, International Trade and Development, issued the following statement:

“Canada is disappointed that the USITC has determined that the United States can continue to impose unfair and unwarranted duties on Canadian softwood lumber products. U.S. duties on Canadian softwood lumber are unfounded and unjustifiably harm Canadian businesses and communities. With significant challenges in housing supply and affordability, these duties also harm U.S. consumers and businesses that need Canadian lumber.”

Several legal challenges to the most recent administrative reviews of the duties on Canadian lumber are still pending, including under the United States-Mexico-Canada Agreement and the U.S. Court of International Trade.

Subscribe to NAHBNow

Log in or create account to subscribe to notifications of new posts.

Log in to subscribe

Latest Economic News

Feb 26, 2024

Feb 23, 2024

Feb 23, 2024

Feb 23, 2024