NEWS

The U.S. Department of Commerce has completed its review of hardwood plywood antidumping and countervailing duty rates for the 21 Chinese exporters and producers who requested a review. For these 21 companies only, the new combined duty rate is 14.95% (first review AD final) plus 23% (first review CVD final) plus 25% (301 tariffs), resulting in a combined rate of about 63%. All other Chinese companies remain subject to the 183% antidumping duty rates from the investigation.

Russian President Vladimir Putin ordered the government to enact strict controls on the export of roundwood and low-value forest products and to crack down on illegal logging. Putin requested a "complete ban on shipments of unprocessed or roughly processed conifer and valuable hardwood out of Russia by January 1, 2022."

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In its first annual administration review, the U.S. Department of Commerce confirmed that Canadian softwood lumber subsidies and dumping continue, resulting in a combined anti-subsidy and antidumping duty "administrative review" rate of 8.81%. Two Canadian ministers acknowledged that Commerce has reduced duty deposit rates for many in the Canadian softwood lumber industry; however, they believe the rate for all companies should be zero - and that this is the meaning of free trade.

The U.S. Trade Representative will hold two separate hearings on its ongoing section 301 investigations into Vietnam's trade practices. The first hearing will deal with Vietnam's alleged use of illegally harvested timber; the second hearing will focus on currency.

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Dick Crutchfield, the owner of Whiteville Plywood, passed away on Saturday, November 28.

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McKenzie Mortuary: Richard Lawrence Crutchfield, Sr.