BREAKING NEWS: U.S. Hardwood Plywood Manufacturers File Petition For Antidumping & Countervailing Duties
The Coalition for Fair Trade in Hardwood Plywood has petitioned for antidumping and countervailing duties to counter unfair trade practices by Indonesia, Vietnam, and China. These petitions were filed on Thursday, May 22, with the U.S. Department of Commerce and the International Trade Commission and have significant implications for our economy, in which hardwood plywood plays a critical role in producing numerous downstream products.
The Coalition for Fair Trade in Hardwood Plywood alleges that the governments of Indonesia, Vietnam, and China are actively subsidizing dozens of programs benefiting their industries, including providing products at subsidized rates and multiple grant, tax, and lending programs. According to the petitions, hardwood and decorative plywood manufacturers in these countries are also dumping their products into the U.S. at discounted prices, with margins of up to 133.7% for Vietnam, 202.8% for Indonesia, and 474.2% for China.
We will keep you updated.
Read more: Wiley Files Trade Petitions for U.S. Hardwood and Decorative Plywood Producers →