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The U.S. Department of Commerce issued its final determination that hardwood plywood exported from Vietnam using hardwood plywood inputs sourced from China is, in fact, a product of China. That means the plywood is subject\u00a0to the antidumping duty (AD) and countervailing duty (CVD) orders on hardwood plywood from China.<\/span><\/p>\n Thirty-seven companies were found to have failed to cooperate or failed to respond to the agency's investigation. The Commerce Department ordered U.S. Customs and Border Protection to collect cash deposits from these 37 companies at the China-wide rates of 183% for AD and 23% for CVD.<\/p>\n In its ruling, the U.S. Department of Commerce \"determines that imports of certain hardwood plywood products (hardwood plywood), completed in the Socialist Republic of\u00a0Vietnam (Vietnam) using plywood inputs and components (face veneer, back veneer, and\/or either an assembled core or individual core veneers) manufactured in the People\u2019s Republic of\u00a0China (China), are circumventing the antidumping duty (AD) and countervailing duty (CVD) orders on hardwood plywood from China.\"<\/p>\n Dumping occurs when a foreign producer sells a product in the United States at a price that is below that producer\u2019s sales price in the producers\u2019 country of origin, or at a price that is lower than the cost of production.\u00a0Countervailing is when foreign governments subsidize industries to benefit the production, manufacture, or exportation of goods.<\/p>\n \u201cThis is an important win for U.S. workers and producers of hardwood plywood who have fought unfair hardwood plywood trade practices from China, including the circumvention of Chinese hardwood plywood through Vietnam,\u201d said Greg Pray, chairman of the Coalition for Fair Trade of Hardwood Plywood, in a statement issued by the group.<\/p>\n Pray is also president and CEO of Columbia Forest Products in Greensboro, N.C., a U.S. manufacturer of plywood products.<\/p>\n The\u00a0Commerce Department\u2019s findings\u00a0included the following:<\/p>\n Hardwood plywood assembled in Vietnam under scenarios other than the five production scenarios identified above are not subject to these inquiries, the Commerce Department ruled. Therefore, cash deposits are not required for such merchandise, subject to the following certification requirements.<\/p>\n The Coalition brought the circumvention case against imports from Vietnam in 2020 after imports from Vietnam spiked following the imposition of antidumping and countervailing duties on China.<\/p>","protected":false},"excerpt":{"rendered":" The U.S. Department of Commerce issued its final determination that hardwood plywood exported from Vietnam using hardwood plywood inputs sourced from China is, in fact, a product of China. That means the plywood is subject\u00a0to the antidumping duty (AD) and … Continue reading \n