The U.S. Department of Commerce recently announced preliminary tariffs on Canadian softwood lumber, ranging from 3.02% to 24.12% per producer.
The average import tax is 20%. The move is intended to help U.S. lumber producers compete with Canadian producers.
The U.S. International Trade Commission investigated whether Canadian producers' sourcing timber from government-owned land allows them to buy a product at a lower cost than U.S. producers, which typically source timber from private land. The tariffs are expected to generate $1 billion in revenue on imports of about $5 billion annually.
The duties were lower than analysts had expected, according to a Bloomberg report. The U.S. may also add antidumping duties, though, if allegations that Canadian producers are selling product at below-market rates in the U.S. are proven. The issue of volume and pricing of Canadian softwood lumber exports to the U.S. has been the source of a decades-long trade dispute between the two countries.
Related Stories
Codes and Standards | Jan 17, 2019
First resilience benchmarks for U.S. communities released
Provides way to evaluate current state of resilience and guidance for areas of improvement.
Codes and Standards | Jan 16, 2019
California mass timber building competition kicks off January 15
Competition will award $500,000 in grants to teams who design innovative buildings.
Codes and Standards | Jan 15, 2019
Hazard mitigation provisions in codes save lives and protect property
New NIBS study finds that adopting 2018 Intl. Codes generate $11 benefit for every $1 invested.
Codes and Standards | Jan 10, 2019
Ontario building first to achieve zero-carbon designation by Canada GBC
Geothermal heating, living wall among notable features.
Codes and Standards | Jan 9, 2019
Policymakers need to act to alleviate affordable housing crunch
Moody’s economist says costs including mortgage rates worsening situation.
Codes and Standards | Jan 8, 2019
Pittsburgh launches task force on construction industry fraud
Focus will be on wage violations.
Codes and Standards | Jan 7, 2019
Program uses low-cost sensors to monitor impact of stormwater mitigation systems
University/municipal partnership in Philadelphia aims to improve green infrastructure design.
Codes and Standards | Jan 7, 2019
Washington, D.C., to transition to 100% renewable energy by 2032
Includes measures to reduce emissions from buildings and transportation.
Codes and Standards | Jan 4, 2019
Canada’s National Building Code will include climate change obligations
New durability requirements for new buildings in the works.
Codes and Standards | Jan 4, 2019
LEED v4.1 beta registration begins in January
First releases are O+M, BD+C, and ID+C.