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by CareyBot

Calling it a victory for free trade and housing affordability, the nation's home builders on Thursday applauded a unanimous decision by a North American Free Trade Agreement (NAFTA) panel finding that Canadian lumber exports into the U.S. are not subsidized. U.S. law allows countervailing duties to be imposed only upon two conditions: that a foreign supplier is benefiting from subsidies, and U.S. producers are being injured, or threatened with injury, as a result. An earlier unanimous NAFTA ruling found that there was no injury or threat of injury. Wednesday's decision found that there was no subsidy. "(Wednesday's) verdict, the latest in a series of unanimous NAFTA rulings, shows once again that there is absolutely no justification for the (Bush) administration to continue imposing puni...