U.S. sets provisional antidumping rates for Canadian lumber

U.S. sets provisional antidumping rates for Canadian lumber

   U.S. importers of Canadian softwood lumber will have to pay preliminary penalty tariffs ranging from 1 to 10.2 percent after a Commerce Department agency found the products were exported below fair market value with the help of provincial government subsidies in Canada.

   Importers must pay a cash deposit to cover a portion of the penalty and will be responsible for the full amount once the International Trade Administration determines what the tariff should be to cover the difference. A ruling is scheduled by Dec. 7.

   A coalition of U.S. lumber interests petitioned the Department of Commerce for relief.