U.S. slaps final duties on Canadian lumber

•The U.S. imposes final duties on Canadian softwood lumber, following failed talks to end the decades-long dispute between the two countries.

•The U.S. Department of Commerce announces slightly lower initial duties for Canadian producers West Fraser Timber (OTCPK:WFTBF) and Canfor Corp. (OTC:CFPUF, OTCPK:CFPZF), with combined anti-dumping and countervailing duties of 23.6% and 20.5% respectively, and maintains rates for Resolute Forest Products (NYSE:RFP).

•Commerce Secretary Wilbur Ross says the U.S. is confident the WTO, which may eventually rule on the dispute, would take its side; the DoC accuses Canada of unfairly subsidizing and dumping softwood lumber, a charge Canada denies.
https://seekingalpha.com/news/3321008-u-s-slaps-final-duties-canadian-lumber

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