U.S. Announces Final Duties on Chinese Hardwood Plywood Imports
U.S. Secretary of Commerce Wilbur Ross announced on November 13 the affirmative final determinations in the antidumping duty and countervailing duty investigations of imports of hardwood plywood products from China. The Commerce Department determined that exports of hardwood plywood products from China are sold into the U.S. at 183.36% less than fair value, and that the country is providing unfair subsidies to these producers at rates ranging from 22.98 to 194.9%. As a result, Commerce has set the countervailing duty at 194.9% for companies identified in the case and 22.98% for all other producers/exporters in China.
These duties will not take effect unless the International Trade Commission (ITC) makes final affirmative determinations that imports of hardwood plywood products from China materially injure, or threaten material injury to, the domestic industry. The ITC is set to issue its final determination on December 1, which will be published later in the month. Should the ITC determine that injury has occurred, duties will be collected on imports going forward, and also apply retroactively on shipments dating back 90 days prior to publication of the preliminary determinations (i.e., January 25, 2017). See Department of Commerce Fact Sheet and Federal Register Notice. More Info: Jackson Morrill