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U.S. to Reduce Canadian Softwood Lumber Duties

The U.S. Department of Commerce announced last week the preliminary decision to reduce duties on Canadian softwood lumber imports from an average of 20.23% to 8.21%. In particular, West Fraser's rate would be reduced from 23.6% to 9.1%, Canfor’s from 20.5% to 4.6%, and Resolute’s from 17.9% to 15.8%. Duties were first imposed in April 2017. The final decision is expected this August.  See Canadian Financial Post

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