The U.S. Department of Commerce has preliminarily determined that TRAPA Forest Products Ltd. is the successor-in-interest to Trans-Pacific Trading Ltd. This means that TRAPA will receive the same countervailing duty cash deposit rate as Trans-Pacific for certain softwood lumber products from Canada. This decision is part of a review process that began with a request from TRAPA, following a name change from Trans-Pacific. Interested parties have an opportunity to comment and request a hearing on this preliminary decision.
Simple Explanation
The government thinks that one company, TRAPA, is really just a new name for another company called Trans-Pacific, and they will treat them the same when it comes to certain rules about selling wood from Canada to the U.S. People can say if they think this is right or wrong.