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Home / News / Report says U.S. softwood tariffs to cost Canada $700-million

Report says U.S. softwood tariffs to cost Canada $700-million

The Conference Board of Canada says U.S. softwood lumber duties will cost 2,200 jobs in this country.

The board has released a report showing that, along with the job loss, the duties will cost $700-million from Canadian exports over the next two years. The report also says duties paid at current export levels will cost Canadian producers $1.7 billion annually until a softwood settlement is reached.

The U.S. government recently imposed preliminary countervailing duties ranging between three and 24 per cent on Canadian softwood lumber exports.

(With files from The Canadian Press)

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