In a 180 page explanation, the Commerce Dept has declared that there will be no change or recalculation of softwood lumber duties, as was ordered by the NAFTA panel in May 2024:
Background details here:
“The Panel orders Commerce to make a determination on remand consistent with the findings and instructions of this opinion. The remand determination shall be made within 90 days.”
Latest update summary:
Madison’s reached out to the Federal government for more information, a spokesperson for Global Affairs Canada replied:
As required by the NAFTA Chapter 19 panel ruling on Canada’s challenge of the U.S. final countervailing (CVD) determination on softwood lumber, the U.S. Department of Commerce (Commerce) issued a remand redetermination on December 17. Canada is disappointed that Commerce insists on applying flawed reasoning and disregarding evidence to find that the Canadian softwood lumber industry is unfairly subsidized.
This matter is not closed. Canada will continue to make its case to the NAFTA Chapter 19 panel, working collaboratively with implicated provinces and key industry partners. In May 2024, Canada welcomed many of the panel’s initial findings stating that key elements of the U.S. countervailing determination are inconsistent with U.S. law.
The only fair outcome to the softwood lumber dispute is for U.S. duties on Canadian softwood lumber to be revoked.
The full document can be found here: https://access.trade.gov/public/FinalRemandRedetermination.aspx
or download: https://madisonsreport.com/wp-content/uploads/2024/12/4682368-01.pdf