June 27, 2017
The U.S. is imposing more trade restrictions on Canadian softwood lumber just two months before the countries will meet to discuss a new NAFTA agreement.
The Commerce Department says it will add a nearly eight percent anti-dumping duty on Candadian lumber.
This comes after the U.S. added tariffs to the industry back in April.
American companies imported $5.6 billion worth of of softwood lumber from Canada in 2016.
The U.S., Canada and Mexico are expected to sit down and discuss a new tri-lateral agreement in August with the goal of ratifying it next year.