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Stock impact report

Canadian lumber producers brace for surge in U.S. anti-dumping duty rates [Globe and Mail, The (Toronto, Canada)]

West Fraser Timber Co. Ltd Common stock (WFG) 
Canadian producers of softwood lumber are bracing for a decision this week from the U.S. Department of Commerce that could mean a surge in anti-dumping duty rates, compounding the industry's worries over President Donald Trump's threats for sweeping tariffs on all imports from Canada. Most Canadian producers are currently paying 7.66 per cent in anti-dumping duties levied against lumber shipments from Canada into the United States, but that could jump to 20 per cent, trade experts say. The Commerce Department's decision, slated for Thursday, will be preliminary – subject to further revisions before a final anti-dumping rate is determined, with an effective date in August. There are two types of punitive measures in the Canada-U.S. trade dispute. Anti-dumping duties are imposed because of what the Americans describe as Canadian producers selling softwood below market value; countervailing duties are based on what the U.S. sees as subsidized Canadian lumber. Analysts are predic Show less Read more
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