🌲Analysis of Countervailing Duties on Softwood Lumber from Canada
Certain Softwood Lumber Products From Canada: Preliminary Results and Partial Rescission of Countervailing Duty Administrative Review; 2023
Summary
The U.S. Department of Commerce (Commerce) preliminarily determines that countervailable subsidies were being provided to producers and exporters of certain softwood lumber products (softwood lumber) from Canada during the period of review (POR), January 1, 2023, through December 31, 2023. Commerce is also rescinding this review with respect to 46 companies. Interested parties are invited to comment on these preliminary results.
Agencies
- Commerce Department
- International Trade Administration
Business Impact
$$$ - High
The notice involves countervailing duties on certain softwood lumber products from Canada. The preliminary subsidy rates could affect pricing, competitiveness, and compliance for U.S. businesses importing these products. Firms may experience increased costs due to subsidies imposed on imports, requiring adjustments in pricing strategies.