U.S. lumber industry files petitions against Canadian softwood producers

Roughly six weeks after the expiration of a peace period in talks on a new softwood lumber deal, the U.S. lumber industry on Nov. 25 filed petitions with the Commerce Department and the U.S. International Trade Commission alleging that Canada is subsidizing its domestic lumber industry and Canadian softwood lumber producers are dumping products on the U.S. market. Absent a new deal to manage softwood lumber trade between the two countries by the end of the litigation standstill, which expired...