Lumber prices avoided a seventh straight day of losses after spiking positive right before 3:30 pm ET.
"US duties on Canadian softwood lumber products are a tax on the American people," said Mary Ng, a Canadian MP, in a statement.
Lumber futures ended an 8-day pullback on Thursday, with prices rising from $1201 per thousand board feet to $1390 per thousand board feet.
Lumber futures fell to roughly $1,200 per thousand board feet on Wednesday continuing an 8-day rout for the commodity.
Lumber futures fell to $1,327 per thousand board feet on Monday in the sixth day of reprieve for home builders and renovators.
Lumber futures are now trading more than $200 below recent highs of over $1670 per thousand board feet.
Lumber prices have pushed the average price of a new single-family home up by $35,872, according to the National Association of Homebuilders.
Lumber prices reached more than $1400 per thousand board feet on Monday and experts say it's a great thing for the industry, but not for consumers.
Exchange-traded funds that track timber, forestry, and homebuilding stocks have rallied as lumber prices continue to reach new heights.
Lumber's 140% gain has outpaced every other commodity significantly over the last year, and one market technician said prices could rise 35%.