Lumber tariffs could have severe impact on B.C.’s softwood industry
Global News
The U.S. Department of Commerce issued a preliminary anti-dumping rate of 20.07 per cent, up from 7.66 per cent set three years ago, which is in addition to countervailing duties.
B.C.’s softwood lumber industry is attempting to come to terms with the potential impact of U.S. President Donald Trump’s tariffs.
The U.S. Department of Commerce issued a preliminary anti-dumping rate of 20.07 per cent, up from 7.66 per cent set three years ago, which is in addition to countervailing duties of 6.74 per cent.
That brings the total for potential levies to almost 27 per cent, and with the addition of the 25 per cent tariffs that went into effect on Tuesday, that means the total tariffs would be 52 per cent in terms of the combined duties and tariffs later this year.
“It isn’t good news for us,” Kurt Niquidet, president of the BC Lumber Trade Council, told Global News.
“The softwood lumber industry, as well as the broader forest sector, is quite reliant on the U.S.
“For softwood lumber production, about 75 per cent of our exports are destined to the U.S., and for the U.S., there’s going to be impacts on them as well.”
Niquidet said B.C. does not really import forest products from the U.S., but a lot of product is shipped to the United States.
He added that for U.S. consumers, they rely on Canadian forest products, as they can supply about 70 per cent of demand and the vast majority of the remaining 30 per cent of products come from Canada.
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