Timber giant hopes for settlement Billings Gazette, MT
Weyerhaeuser operates on nearly 35 million acres in five Canadian provinces, producing about 2.4 billion board feet of lumber a year. A board foot is one-foot square by one-inch thick. It takes about 10,000 board feet to build a modest single-family home.
The company pays more than $100 million a year in countervailing duties and antidumping tariffs, a spokesman said - one of the highest rates of any lumber producer in North America.
The recent Commerce Department decision would cut the company's combined levy from about 31.2 percent to 17.6 percent - a sizable reduction, but still much more than Weyerhaeuser wants to pay, said Frank Mendizabal, a company spokesman.
'The irony that (some of) the highest tariffs on lumber imports from Canada to the United States are being paid by a U.S. company is not lost on us,' he said.