Industry News

Home builders decry lumber tariffs

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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 punitive tariffs on Canadian lumber shipments. It is time to eliminate this hidden tax that has cost American consumers billions of dollars," said David Wilson, president of the National Association of Ho...