On April 8th, local time learned on April 7th that the United States plans to more than double the existing anti-dumping and countervailing duties on Canadian imports of softwood lumber. According to published and unpublished documents in the Federal Register, the US Department of Commerce plans to increase the tariffs from 14.4% to 34.45% as part of the annual review process. In February 2025, the US Department of Commerce proposed to significantly increase the anti-dumping duties on Canadian i...
On March 8th, local time on March 7th, just one day after granting Canada a one-month tariff grace period, US President Trump said that he would impose new tariffs on Canadian lumber and dairy products as early as the 7th, including a 250% reciprocal tariff on dairy products. Speaking in the Oval Office of the White House on the same day, Trump said that "Canada has been exploiting us for years in terms of lumber and dairy products," and mentioned that Canada imposes tariffs of about 250% on US ...