Canada Officially Challenges US Duties on Canadian Softwood Lumber Under USMCA Trade Agreement
The Canadian government, in a statement released on Tuesday (12-21-21) by Canadian Trade Minister Mary Ng, said that Canada has filed an official notice to challenge U.S. duties on Canadian softwood lumber under the US-Mexico-Canada (USMCA) trade agreement.
The United States nearly doubled duties on softwood lumber exported from Canada in November.
Canada’s softwood lumber industry is a key component of the country’s forestry sector, which contributed more than $25 billion to the nation’s gross domestic product in 2020.
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