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CANADA BORDER SERVICES AGENCY INITIATES TRADE REMEDY INVESTIGATION TO ADDRESS UNFAIRNESS IN THE CANADIAN RENEWABLE DIESEL MARKET
CANADA BORDER SERVICES AGENCY INITIATES TRADE REMEDY INVESTIGATION TO ADDRESS UNFAIRNESS IN THE C...
About this update from Tidewater Renewables Ltd.
[{"type":"text","content":"\n\n\n\n CANADA BORDER SERVICES AGENCY INITIATES TRADE REMEDY INVESTIGATION TO ADDRESS UNFAIRNESS IN THE CANADIAN RENEWABLE DIESEL MARKET\n \n\n /* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n \n\n\n\n\n\n Canada NewsWire\n \n\n\n\n\n\n CALGARY, AB\n \n\n ,\n \n March 6, 2025\n \n /CNW/ - Tidewater Renewables Ltd. (\"Tidewater Renewables\" or the \"Corporation\") (TSX: LCFS) is pleased to advise that the Canada Border Services Agency (\"CBSA\") formally initiated a countervailing (anti-subsidy) and anti-dumping duty investigation into imports of renewable diesel from\n \n the United States\n \n (the \"Investigation\"). The Investigation follows a complaint filed by Tidewater Renewables at the end of 2024 (the \"Complaint\").\n \n\n\n\n\n\n\n\n\n In initiating the Investigation, CBSA confirms that Tidewater Renewables provided satisfactory evidence to support its allegations that U.S. renewable diesel imports were subsidized and dumped, causing harm to Tidewater Renewables.\n \n\n Management anticipates that provisional duties will be imposed at the\n \n Canada\n \n -U.S. border within 90 days. Final duties, which would be in place for five years and can be renewed every five years thereafter, could be imposed by\n \n September 2025\n \n following a ruling by the Canadian International Trade Tribunal. If final duties are imposed at the levels expected by management, valued between\n \n $0.50\n \n and\n \n $0.80\n \n per litre of renewable diesel imported from\n \n the United States\n \n , these duties would support long-term market stability for Tidewater Renewables' renewable diesel production and its related emission credits.\n \n\n Neither the Complaint nor the Investigation is related to the ongoing trade dispute between\n \n the United States\n \n and\n \n Canada\n \n . The Complaint was filed prior to President Trump taking office and the imposition of tariffs by each country. Therefore, any countervailing (anti-subsidy) and anti-dumping duties imposed in connection with the Investigation would apply in addition to any tariffs imposed by\n \n Canada\n \n in response to ...