Chinese Hardwood Plywood Hit with Steep Tariffs
(June 26, 2017) The U.S. Department of Commerce plans to impose a preliminary anti-dumping tariff on hardwood plywood imports from China ranging from 57.36% to 114.72%, in addition to countervailing duties between 9.89% and 111.09%.
Nearly all Chinese companies will end up paying a combined preliminary duty rate of more than 67%.
A final ruling is anticipated by the end of August.
“This announcement is another strong win for the hardwood plywood industry,” said Hardwood Plywood & Veneer Association head Kip Howlett. “The jobs of thousands of American workers are on the line, and this sends a signal to China that we will not tolerate their unfair trade practices.”