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On July 16, we entered the final phases of the antidumping and countervailing duty investigations of hardwood and decorative plywood from China, Indonesia, and Vietnam. The U.S. Commerce Department announced its final affirmative determinations with duties ranging from 28% up to 274%. Concurrently, the U.S. International Trade Commission (USITC) was conducting its hearing to determine whether the U.S. industry is injured by the dumped and subsidized imports. With the surge in imports we have seen from these countries - at prices often…

Congratulations to our Canadian colleagues on the Tribunal's recent determination that there is a reasonable indication of injury by imports of decorative plywood from China. This is an important step in the Canadian hardwood plywood manufacturers' antidumping and countervailing duty cases against China. Hopefully, this is a sign that Canadian manufacturers will be successful in this case.

We appear to be seeing the impacts of the preliminary antidumping and countervailing duties on imports of hardwood plywood from China, Indonesia and Vietnam. After spikes in recent years, there are significant declines in imports from these countries. However, we may also be starting to see the signs of transshipment through other Asian countries, including Malaysia, Cambodia, and Thailand.

Have you noticed the trend in recent weeks of new members joining Decorative Hardwoods Association? I’m pleased to see the trend continue. Please join me in welcoming new veneer manufacturers VanHout USA and Re/New Lumber Company.

Last week, DHA members and guests gathered in Asheville, NC, for our 2026 Annual Meeting. I really enjoyed reconnecting with members and hearing from so many of you. Despite challenges from dumped and subsidized imports of competing products from Asia, our industry remains strong and vibrant, helping to sustainably manage American forests and provide jobs in rural parts of our country.