The U.S. Department of Commerce.The U.S. Department of Commerce, on March 22, imposed a combined 29.01% duty oil imported Canadian lumber lumber, term for timber that has been cut into boards for use as a building material. The major steps in producing lumber involve logging (the felling and preparation of timber for shipment to sawmills), sawing the logs into boards, grading the boards according to . In its final ruling, the Department set the duty at 19.34% to countervail coun·ter·vail v. coun·ter·vailed, coun·ter·vail·ing, coun·ter·vails v.tr. 1. To act against with equal force; counteract. 2. To compensate for; offset. v.intr. what it called subsidies and at 9.67% to compensate for allegedly dumping lumber in the U.S. market. The decision was hailed by U.S. lumber producers, who believe the Canadian government unfairly subsidizes its lumber producers; Canadian lumber producers denounced the move, claiming their industry is more efficient than U.S. producers. The U.S. National Association of Home Builders The National Association of Home Builders (NAHB) is one of the largest trade associations in the United States. Headquartered in Washington, DC, the association organizes one of the largest conventions in North America, The International Builders' Show, which draws more than , which expects the cost of a new U.S. home to rise by US$1,500 as a result, also criticized the move. The International Trade Commission conducted a hearing the following week to determine whether Canada's alleged subsidies and dumping have injured in·jure tr.v. in·jured, in·jur·ing, in·jures 1. To cause physical harm to; hurt. 2. To cause damage to; impair. 3. U.S. lumber companies. The ITC's final decision on injury, is expected on May 5, at which point cash deposits will be collected upon shipment. |
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