According to the Business Examiner, the Canadian government announced plans to challenge the decision by the U.S. to impose duties on Canadian softwood lumber.
In a statement, Mary Ng, Canada’s Minister of International Trade, Export Promotion, Small Business and Development, said: “Canada filed notices that it will be challenging the final results of the U.S. Department of Commerce’s second administrative reviews of the United States’ anti-dumping and countervailing duty orders on softwood lumber from Canada under Chapter 10 of the Canada-United States-Mexico Agreement (CUSMA).
“Canada remains extremely disappointed that on November 24, 2021, the United States nearly doubled the duty rate applicable to most Canadian softwood lumber producers to 17.9%. Canada reaffirms its call for the United States to stop imposing unwarranted duties on Canadian softwood lumber products.”
The Canadian Government’s stance aligns with both the NLBMDA and the NAHB, which are both concerned with the impacts of price volatility and supply chain disruptions on the U.S. housing market. “NLBMDA urged the Biden administration to negotiate a new long-term softwood lumber agreement with Canada and pursue other free market solutions to the supply chain crisis,” said NLBMDA President & CEO Jonathan Paine.