Decorative Hardwoods Association (formerly HPVA) eNews Volume XIII, Issue V: Commerce Rules In Favor Of U.S. Cabinetmakers | ITC Finds For U.S. Millwork Industry | U.S. Industry Asks Commerce To Address Vietnam Circumvention | China Halts Tariffs On North American Hardwoods | Impact Of Coronavirus: China's Ports Full
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March 04, 2020
U.S. Industry Asks Commerce To Address Vietnam Circumvention
The Coalition for Fair Trade in Hardwood Plywood petitioned the U.S. Department of Commerce to issue a scope ruling confirming that certain hardwood plywood products from China that are assembled in Vietnam before being imported into the U.S. are within the scope of the antidumping and countervailing duty orders on certain hardwood plywood products from China.
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March 03, 2020
Virus Hits Vietnam Across Multiple Sectors
With just 16 cases in a population of 96 million, the effect on Vietnam's economy has been far-reaching. Wood processing firms were advised to seek alternative suppliers. Public schools are closed. Flights between China and Vietnam were suspended. The tourism industry may lose more than $7 billion, as China is Vietnam's largest source of tourists.
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March 03, 2020
China Halts Tariffs On North American Hardwoods
China announced it would remove tariffs for some types of hardwood logs and lumber for one year, beginning February 28. China prefers to use raw materials from other countries as it rebuilds its own forests, and, as the largest wood product exporter in the world, needs to reduce costs on incoming raw materials.
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March 03, 2020
ITC Finds For U.S. Millwork Industry
The International Trade Commission stated that there is a "reasonable indication" that U.S. wood molding and millwork companies are being hurt by imports from China and Brazil. The Department of Commerce will continue its antidumping and countervailing duty investigation and make preliminary decisions by April 2 and June 16.
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