Preliminary Countervailing Duty Determination on Softwood Lumber
On April 24, 2017, the Department of Commerce announced its affirmative preliminary determination in the countervailing duty or imports of softwood lumber from Canada. Commerce made a preliminary determination that exports of softwood lumber from Canada would be subject to countervailing subsidies of 3.02% to 24.12%. The merchandise that is subject to this countervailing duty is softwood lumber, siding, flooring and other coniferous wood products. As a result of this decision, Commerce is instructing US Customs and Border Protection to collect cash deposits based on these preliminary rates. Certain companies will be subject to retroactive collection of cash deposits, which is effective 90 days prior to the publication of the preliminary decision. The final determination regarding the countervailing duty is set for September 7, 2017. If commerce makes an affirmative decision on September 7, they will issue a CVD order, and if they make a negative determination then no order will be issued.
For more information, please visit U.S Department of Commerce News or download the Softwood Lumber agreement Fact sheet.