NEWS

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Fordaq: Rise China plywood production capacity

Last year, Vietnam shipped more than $7.4 billion in furniture to the U.S., an increase of 31%. China shipped $7.33 billion in furniture to the U.S. in 2020, down 25% from the $9.7 billion shipped in 2019.

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Furniture Today: Vietnam overtakes China as largest exporter to U.S.

The U.S. Department of the Treasury has removed Vietnam from its list of currency manipulators. As a result, the U.S. might not apply related tariffs or other restrictions on imports from Vietnam, a departure from the government's previous stance.

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The USDA has indicated that the European Union will no longer restrict imports of maple veneer from Wisconsin, Michigan, New York, North Carolina, or Vermont.

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Maple Veneer Requirements for the European Union (PDF)

China's customs administration reports that the value of wood flooring exports last year dropped 19% to $120 million. China's imports of wood flooring also fell by 8% to $78 million last year.

The U.S. has increased antidumping tariffs on composite wood flooring and tightened regulations on formaldehyde emissions for imported laminate flooring.

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