The U.S. has delayed part of its decision in a long simmering spat over softwood lumber with Canada.
The U.S. Department of Commerce will postpone its deadline for preliminary anti-dumping duties on Canadian softwood lumber to June 23, according to a statement published in the Federal Register. The decision was initially expected by May 4.
The petitioner asked for the deadline to be extended so the agency has “sufficient time to gather and review all the relevant information,” U.S. Department of Commerce spokesman Will Reinert said in an email. The delay sent shares of Seattle-based Weyerhaeuser Co. tumbling as much as 1.8 percent in New York, the biggest intraday drop since March 6.