Trade-protection tariffs have been grim for cross-border companies By Matthew Daly, AP
Most U.S. timber companies were disappointed this month when the Commerce Department recommended that steep tariffs on imports of Canadian softwood lumber be cut in half.
Lower tariffs would mean more imports and lower prices for U.S. products — an outcome U.S. companies have tried to avoid as they battle what they call a subsidized Canadian wood-products industry.
But at least one U.S. company welcomed the decision.
Federal Way-based Weyerhaeuser called the proposed tariff reduction "good news" and a sign that a resolution to the long-standing dispute over softwood lumber — easy-to-saw wood used in home-building — may finally be in sight.
The company's atypical reaction stems from its unusual perspective on the cross-border dispute.