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U.S. Raises Softwood Lumber Duties to 34.45%—Cost Concerns Rise

4/6/2025

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Summary

Story summary

The U.S. Department of Commerce is set to dramatically hike softwood lumber duties on Canadian imports to 34.45%, a steep rise from 14.4%. This move, aimed at curbing unfair trade practices, threatens to escalate construction costs, leaving Canadian producers and U.S. consumers anxious about job losses and housing affordability.

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Story summary

The U.S. Department of Commerce is set to dramatically hike softwood lumber duties on Canadian imports to 34.45%, a steep rise from 14.4%. This move, aimed at curbing unfair trade practices, threatens to escalate construction costs, leaving Canadian producers and U.S. consumers anxious about job losses and housing affordability.