WASHINGTON, Aug. 13,
2024 /PRNewswire/ -- The U.S. Department of Commerce
today announced the final determination of a combined anti-subsidy
and anti-dumping duty rate of 14.54% in the fifth annual review of
unfairly traded Canadian softwood lumber imports into the United States.
This United States government
ruling substantiates that Canada
continues to subsidize and dump its softwood lumber products in
the United States, distorting the
U.S. softwood lumber market to the detriment of U.S. sawmills,
their employees and communities.
"This even higher level of unfair trade by Canada could not have come at a worse time for
domestic producers," stated Andrew
Miller, Chairman of the U.S. Lumber Coalition and CEO of
Stimson Lumber. "Lumber demand and prices are at record lows and
mills across the country are struggling to keep afloat."
The increased levels of unfair trade confirmed by the Commerce
Department makes it clear that Canadian unfair trade practices are
making a bad situation worse by accelerating and deepening market
downcycles, resulting in today's extreme low lumber prices, forcing
U.S. mill closures and layoffs.
"The United States does not
need the unfairly traded Canadian lumber imports to supply current
levels of home construction, added Miller. "What American mills,
workers, and timberland holders need is the continued strong
enforcement of the U.S. trade laws help facilitate a level playing
field. That is how we retain production and availability of lumber
produced by U.S. workers to build U.S. homes," concluded
Miller.
The U.S. lumber industry established its right to the imposition
of antidumping and countervailing duties in the face of unfair
competition from Canada, and the
Coalition supports the Commerce Department's continued commitment
to enforce the U.S. trade laws against subsidized and unfairly
traded Canadian lumber imports.
About the U.S. Lumber Coalition
The U.S. Lumber
Coalition is an alliance of large and small softwood lumber
producers from around the country, joined by their employees, and
woodland owners, working to address Canada's unfair lumber trade practices. Our
goal is to serve as the voice of the American lumber community, and
effectively address Canada's
unfair softwood lumber trade practices, including its gross
underpricing of timber. For more information, please visit the
Coalition's website at www.uslumbercoalition.org.
CONTACT: Zoltan van
Heyningen
zoltan@uslumbercoalition.org | 202-805-9133
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content:https://www.prnewswire.com/news-releases/us-department-of-commerce-confirms-higher-levels-of-harmful-canadian-softwood-lumber-subsidies-and-dumping-in-fifth-annual-administrative-review-302221349.html
SOURCE The U.S. Lumber Coalition