politics-markets

Softwood lumber CVD rate for most Canadian importers falls to 12.80% after NAFTA panel ruling

By Owen MitchellPublished November 3, 20264 min read
Stacks of milled softwood lumber secured with cargo straps in an empty loading bay.
Softwood lumber imports are at the center of a reduced U.S. countervailing-duty rate following a NAFTA panel ruling. Illustration: MarketIntelLabs

Federal Register volume 91, number 211, published Tuesday a Commerce Department notice cutting the countervailing duty, or CVD, that most Canadian softwood lumber producers post on imports into the United States, from 14.19% to 12.80%. The notice, FR Doc. 2026-22431 at pages 69242 to 69243, gives effect to a NAFTA binational panel's final judgment that Commerce's 2017 countervailing duty investigation of Canadian softwood lumber set subsidy rates that were not in harmony with the record, and it is applicable October 29.

Key takeaways Commerce cut the CVD rate for most Canadian softwood importers from 14.19% to 12.80%. West Fraser's assigned subsidy rate falls from 17.99% to 16.73%. Tolko take…

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