fbpx

Small Canadian Lumber Companies Brace for Retroactive Fees

0

Smaller Canadian lumber companies will soon be required to cough up duties on lumber exported to the U.S. over the past 90 days.

The U.S. Department of Commerce announced Monday, April 24 that it would impose preliminary subsidy rates on Canadian lumber companies exporting lumber and certain wood products to the U.S. Those rates were expected to go into effect Monday, once notice was published in the U.S. federal register, but so far notice has not been given.

The rates will be imposed on West Fraser Mills, Ltd. (24.12 per cent), Resolute F.P. Canada, Inc. (12.82 per cent), Tolko Marketing and Sales Ltd. and Tolko Industries Ltd. (19.50 per cent), Canfor Corporation (20.26 per cent), J.D. Irving, Limited (3.02 per cent) and “all others” (19.88), but only J.D. Irving and all other Canadian lumber companies are being charged retroactively.

Read full article here.

Chelsea Novak – Rossland News – May 5, 2017.

Share.

Leave A Reply