Canadian Lumber Bros Merge Duties in U.S. Trade Tango
Published Date: 2/25/2025
Notice
Summary
The U.S. Department of Commerce says TRAPA Forest Products Ltd. is now the same company as Trans-Pacific Trading Ltd. for softwood lumber duties from Canada. This means TRAPA will keep the same duty rates as Trans-Pacific starting February 25, 2025. If you’re in the lumber business, this update keeps things clear and steady on the money side.
Analyzed Economic Effects
1 provisions identified: 0 benefits, 1 costs, 0 mixed.
TRAPA subject to 6.74% lumber duty
If you import certain softwood lumber produced or exported by TRAPA Forest Products Ltd., U.S. Customs will require a 6.74 percent cash deposit on shipments entered, or withdrawn from warehouse for consumption, on or after February 25, 2025. This cash deposit requirement will remain in effect for TRAPA until further notice.
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