Lumber Duties Overturned

According to the Washington Post, "A panel of North American Free Trade adjudicators struck down U.S. duties on softwood lumber imports from Canada, saying there wasn't enough evidence to support the U.S. International Trade Commission decision that led to the duties."

Twenty-one days from April 19 is the time frame the United States has to redo its figures or put an end to the duties, according to the article.

Washington, D.C.-based National Association of Home Builders (NAHB) applauded the ruling in a recent release.

"For the second time, a NAFTA panel has determined the domestic lumber industry's injury threat allegations are baseless and contrary to law. We call on the Administration not to engage in any legal delays and to allow the implementation of this decision. It's high time to roll back the 27 percent duties on Canadian lumber and end the hidden tax imposed on American homebuyer's and renters," said Bobby Rayburn, NAHB president and a home and apartment developer from Jackson, Miss.