In the end of March, the U.S.
Commerce Department ruled that
Canada unfairly subsidizes its softwood
lumber industry and allows its
producers to sell their lumber at
below-market prices in the U.S. — an
illegal practice known as dumping.
The United States imported about
$5.7 billion worth of softwood lumber
from Canada last year, or about a
third of its supply. Most of the
Canadian softwood is used as framing
Déjà vu all over again. To punish
the Canadians for the unfair subsidies,
the Commerce Department
imposed a 19.3% duty on the
imported lumber, with an additional
antidumping duty averaging 9.7%
(the actual dumping duty varies by
company, from 15.8% for Weyerhaeuser
to 2.3% for West Fraser).
Neither duty applies to