China Suspected Of Circumventing U.S. Hardwood Plywood Duties
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Vietnam suspects that the surge in its plywood exports to the U.S. is due to Chinese firms seeking to circumvent antidumping and countervailing duties and "Trump tariffs" by shipping Chinese-made plywood through Vietnam. In Q1, plywood exports from Vietnam to the U.S. rose 95% to $47 million. Imports from China into Vietnam grew 37% in the same period to $61 million, accounting for 84% of all plywood imports. Last year, plywood exports from Vietnam to the U.S. nearly tripled, increasing 2.7 times to $190 million, according to the Vietnam Timber and Forest Product Association.
Resource:
VnExpress: Vietnam suspects China hand in plywood export surge