Lumber Prices

US Softwood Lumber Tariffs Spark Outrage, Fueling Canada-US Tensions

The U.S. will more than double its softwood lumber duties on Canadian imports, raising the tariff to 34.45 percent. This decision, confirmed by both the B.C. Premier’s office and the U.S. Lumber Coalition, is a significant blow to British Columbia’s forestry industry, which has already experienced substantial job losses. The U.S. claims the duties are justified due to unfair Canadian government subsidies, while Canada views them as an unjustified trade attack. B.C.’s Premier plans to meet with the Prime Minister to discuss a unified response and challenge the tariffs.

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