DHA Insights: August 08, 2024

Author
DECORATIVE HARDWOODS ASSOCIATION

In a major victory for DHA's hardwood plywood and engineered wood flooring trade coalitions, the Department of Commerce has agreed that Vietnam is still a non-market economy. This is a big decision since Vietnam is the leading source of U.S. imports of both products—and these imports have been growing in recent months. DHA's trade coalitions filed comments advocating for this decision, which will make it harder for Vietnam to obscure trade-distorting practices that harm U.S. manufacturers and workers.

Unfortunately, it remains a challenging time for U.S. manufacturers. We are saddened to hear that the Wisconsin veneer mills of DHA member Besse Forest Products have been added to a growing list of mills closed in the last year. We may not be in a formal recession, but unemployment is growing and interest rates remain high, harming manufacturing and homebuilding.

If you have questions or comments, contact me. I look forward to hearing from you.


Keith A. Christman, President
Decorative Hardwoods Association