On July 25, the U.S. Department of Commerce (DOC) announced its antidumping duty final determination in the sixth administrative review of Canadian softwood lumber, increasing the antidumping duty rate for non-selected companies to 20.56 percent. This review covers imports of softwood lumber from Canada that entered into the United States during the period of January 1, 2023, to December 31, 2023. This marks a significant jump from the 7.66 percent rate set in the previous (fifth) review. DOC had previewed the change in March with its preliminary determination, which estimated the adjusted rate at 20.07 percent, slightly lower than the final 20.56 percent determination.
Attention now shifts to the Department of Commerce鈥檚 upcoming decision on countervailing duties, with a final determination expected by Friday, August 8. In April, DOC issued a preliminary determination to raise the countervailing duty rate to 14.38 percent. While Commerce reserves the right to revise the rate before finalizing it, previous administrative reviews would suggest the final determination will closely follow the 14.38 percent duty rate.
Separate to its annual review of antidumping and countervailing duties, the Commerce Department is currently undertaking a Section 232 investigation, 鈥渢o determine the effects on the national security of imports of wood products: timber, lumber, and their derivative products.鈥� The investigation is expected to conclude by November, though results could be released sooner. Earlier this year, the Department held a brief public comment period during which N麻豆传媒DA听听arguing additional tariffs would be duplicative given the new adjustments to the countervailing and antidumping duty rates.
N麻豆传媒DA鈥檚 comments also emphasized that Canadian SPF and other imported species are preferred in many applications by consumers and should remain accessible at fair prices, especially given the lack of readily available domestic alternatives. N麻豆传媒DA continues to engage with the Administration and stakeholders in both Washington, D.C., and Ottawa, urging renewed negotiations toward a new Softwood Lumber Agreement.
N麻豆传媒DA remains focused on advocating for greater price stability and long-term predictability, a sentiment shared strongly by N麻豆传媒DA members. In recent polling of N麻豆传媒DA members, 87% of respondents stated they are moderately or extremely closely monitoring tariffs, with 74% of respondents reporting that trade uncertainty has negatively impacted short-term business operations.
For questions, contact Matthew Delaney, N麻豆传媒DA鈥檚 Government Affairs Coordinator at听mdelaney@dealer.org
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