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U.S. postpones ruling on Canada lumber duties by two months

Published 08/29/2017, 12:49 PM
© Reuters.  U.S. postpones ruling on Canada lumber duties by two months
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  • The U.S. Commerce Department says it is delaying its final determination for anti-dumping and countervailing duties on Canadian softwood lumber until mid-November from the decision that had been expected in the first week of September.
  • Commerce Secretary Ross hopes the extension will provide additional time "to address the complex issues at hand and to reach an equitable and durable suspension agreement."
  • Canada and the U.S. are locked in a dispute over softwood lumber, and tensions escalated in April when the Trump administration imposed preliminary countervailing duties of as much as 24% on Canadian imports and followed up with additional duties in June.
  • Potentially related tickers: WY, RYN, EVA, CTT, OSB, POPE, MAS, UFPI, DEL, AMWD, KOP, TREX, LUK, LPX, CUT, WOOD
  • Now read: American Woodmark: Recent Correction Is A Buying Opportunity


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