A simmering trade disagreement between the U.S. and Canada has escalated since a U.S. lumber group filed a petition asking for penalties against Canadian softwood lumber exports, which it alleges are being sold in the U.S. at less than fair market prices.
The Committee Overseeing Action for Lumber International Trade Investigations or Negotiations on Nov. 25 submitted the petition to the U.S. International Trade Commission and Commerce Dept., seeking duties on the Canadian exports to counteract the harm the group says has been done to its members.