In the latest flare-up in a long-festering trade dispute, the Commerce Dept. is levying antidumping tariffs on Canadian softwood lumber shipments to the U.S., contending that the products are being sold below fair value.
The move, which Commerce announced on June 26, was welcomed by U.S. lumber producers but drew criticism from Canadian government and industry officials—as well as from U.S. home builders, who predict that it will prompt a rise in lumber and housing prices.