NEWS

Decorative Hardwoods Association (formerly HPVA) eNews Volume XIV, Issue II: Vietnam Vows To Strengthen Timber Laws To Avoid U.S. Tariffs | USTR Issues Final Vietnam Currency Determination | Cabinet Importer Investigated For Customs Evasion | Commerce Drops Review Of Chinese Furniture Producer

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To avoid the threat of punitive U.S. tariffs - due to allegations that Vietnam is importing illegal timber - Vietnam has promised to strengthen regulations and to buy more American lumber. The U.S. is the largest market for Vietnamese wood products, worth an estimated $6.5 billion in 2020.

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Michel Tremblay, who served as executive vice president of the Canadian Hardwood Plywood and Veneer Association from 2004 to 2009, passed away on January 5.

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In January, the UK began its new Global Tariff regime, which closely mirrors current EU tariffs. The primary difference: the UK regime lowers tariffs on imports of a range of products, including some wood products.

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The U.S. Department of Commerce rescinded a request to review Chinese wooden bedroom furniture manufacturer Kunshan Jujia Decoration Design Co., which means the company will retain a duty of 216.01%. This duty is applied to manufacturers but paid by the U.S. importers of record.

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