U.S. tariffs on softwood lumber imported from Canada | KPMG | US

U.S. tariffs on softwood lumber imported from Canada

U.S. tariffs on softwood lumber imported from Canada

The U.S. Department of Commerce today released for publication in the Federal Register an advance version of an antidumping duty notice concerning certain softwood lumber products imported from Canada.

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The notice [PDF 178 KB] indicates that Commerce will instruct U.S. Customs and Border Protection (CBP) to collect cash deposits based on preliminary rates and that certain companies will be subject to the retroactive collection of cash deposits.  

The release today of the notice for publication in the Federal Register comes after announcements by Commerce that exporters of softwood lumber from Canada received subsidies ranging from 3.02% to 24.12%. A statement from the Commerce Secretary provides:
 

It has been a bad week for U.S.-Canada trade relations. Last Monday, it became apparent that Canada intends to effectively cut off the last dairy products being exported from the United States. Today, in a different matter, the Department of Commerce determined a need to impose countervailing duties of roughly one billion dollars on Canadian softwood lumber exports to us. This is not our idea of a properly functioning Free Trade Agreement.

 

For more information, contact a professional with KPMG’s Trade & Customs practice:

Douglas Zuvich | +1 (312) 665-1022 | dzuvich@kpmg.com

Andrew Siciliano | +1 (631) 425-6057 | asiciliano@kpmg.com

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