Core Viewpoint - The Trump administration is preparing to impose anti-dumping duties on Canadian lumber, casting a shadow over Canada's attempts to negotiate a reduction in tariff threats [1][4]. Group 1: Trade Dispute Background - The softwood lumber tariff dispute between Canada and the U.S. has become one of the longest-standing trade disputes between the two countries [4]. - For the past 25 years, the U.S. lumber industry has frequently sought to limit Canadian softwood imports through anti-subsidy and anti-dumping laws [4]. Group 2: Recent Developments - On July 25, the U.S. government announced the results of an anti-dumping investigation, determining that Canada was dumping softwood lumber and will impose anti-dumping duties on such imports [1]. - The U.S. Department of Commerce proposed significantly increasing the anti-dumping duties on Canadian softwood lumber earlier this year, which has raised concerns in the U.S. construction industry that relies on Canadian imports for about one-third of its lumber needs [4]. Group 3: Duty Rates and Economic Impact - The current anti-subsidy and anti-dumping duty rates on Canadian lumber are 14.5%, which may be increased to over 34.5% following a review by the U.S. Department of Commerce [4][5]. - As of April, the U.S. government had threatened to impose "reciprocal tariffs" on lumber, although lumber was ultimately exempted from new tariffs [4].

Group 1 - The U.S. has announced the results of an anti-dumping investigation into Canadian lumber, determining that Canada has been dumping softwood lumber and will impose anti-dumping duties [1] - The Canadian dollar has appreciated against the U.S. dollar, with an increase of 0.5% [1] - The Canadian stock index has maintained an increase of nearly 0.5% [1] Group 2 - The yield on Canadian 10-year government bonds has decreased by over 3 basis points, stabilizing around a daily low of 3.508% [1]