Looking deeper In the report suggesting lowering of tariffs. It was not mentioned when the rollback was to take effect. Probing the commerce report I find they only made a preliminary suggestion. A final binding decision is not forth coming till August. No change in duties are expected til then at least. And that depends on what the final decision is.
So it will not have any immediate impact on WEF's financial position. It will have in the following Quarter. If and after the preliminary reoport is accepted and implimented in August.
The final decision is still six months out. So even if implimented in August it would not show up in WEF's 4th Q financial report Ending Dec 31 2020 .
The report would be released to shareholders much the same time as the 2019 which is to be released Feb 20th.
Before we see the results is still a year away. And six months with no change for Western. Lots can happen yet in that time period. As you see in the paste I made from the release it is hypothathized by the word "COULD" I highlighted.
So they did not declare a reduction. That means, Depending on the final decision duties may be reduced but no guarantee.
Many times writers don't reveal the whole oicture.
Below is C&P
On February 3, 2020, the U.S. Department of Commerce released its preliminary determination for the First Administrative Review (AR1) in antidumping duty (AD) and countervailing duty (CVD) investigations of imports of certain softwood lumber products from Canada.
The final determination by the US Commerce Dept on Canada’s softwood lumber duty rate will be in August. At that time duty rates could be lowered to:
- 9.08 per cent from 23.56 per cent for West Fraser
- 4.63 per cent from 20.52 per cent at Canfor
- 15.84 per cent from 17.90 per cent at Resolute Forest Products
- 4.32 per cent from 9.38 per cent at J.D. Irving
- 8.21 per cent for “all others”.