NEWS

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The U.S. Department of Commerce rescinded a request to review Chinese wooden bedroom furniture manufacturer Kunshan Jujia Decoration Design Co., which means the company will retain a duty of 216.01%.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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U.S. Customs is investigating BGI Group (trade name: U.S. Cabinet Depot) for allegedly evading antidumping and countervailing duties on wooden cabinets and vanities imported from China. The company is said to transship cabinetry through Cambodia and then falsely designate Cambodia as the country of origin.

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