China Suspected Of Circumventing U.S. Hardwood Plywood Duties
Vietnam suspects that the surge in its plywood exports to the U.S. is due to Chinese firms seeking to circumvent antidumping and countervailing duties and "Trump tariffs" by shipping Chinese-made plywood through Vietnam. In Q1, plywood exports from Vietnam to the U.S. rose 95% to $47 million. Imports from China into Vietnam grew 37% in the same period to $61 million, accounting for 84% of all plywood imports. Last year, plywood exports from Vietnam to the U.S. nearly tripled, increasing 2.7 times to $190 million, according to the Vietnam Timber and Forest Product Association.