The Commerce Department issued a preliminary decision this week that would shave roughly 10 percentage points off antidumping and countervailing duties on most Canadian softwood lumber imports, according to documents obtained by POLITICO.
The preliminary revisions, which could still be subject to alterations, would set antidumping duties at 10.66 percent and countervailing duties at 14.17 percent for most imports, bringing the combined rate to 24.83 percent.
The current 35.16 percent duty rate will stay in force until a final determination is issued, which is expected within about 120 days of publication in the Federal Register, according to one of the documents.
Any duties would come on top of a separate 10 percent tariff the Trump administration imposed last year under Section 232 of the Trade Expansion Act of 1962.