On August 24, 2020 the World Trade Organization (WTO) ruled that the US Department of Commerce (USDOC) failed to show that many of the prices paid by Canadian firms for timber on government-owned lands were too low. While this ruling is favorable to the Canadian industry, FEA does not expect it to have much effect on current duty rates. According to the U.S. Lumber Coalition, “…this decision is not binding upon the United States and thus has no immediate effect on the ongoing Commerce Department proceedings…”. Moreover, we expect the US will appeal this ruling. As in the past, we expect the appeals process will take a long time.
FEA compiles the Wood Markets News from various 3rd party sources to provide readers with the latest news impacting forest product markets. Opinions or views expressed in these articles do not necessarily represent those of FEA.