NEWS

Some Chinese exporters are changing the HTS destination codes on products to dodge tariffs, reports the Wall Street Journal. Right after the U.S. Department of Commerce opened a Chinese dumping investigation in November 2016 on hardwood-faced plywood, some Chinese producers began shipping plywood under four codes related to softwood-faced plywood. U.S. imports of Chinese hardwood-faced plywood dropped 20% last year while imports coded as softwood-faced plywood shot up 549%.

The U.S. request to revise wood product tariff schedules was approved, separating plywood into two new subheadings. Subheading 4412.32 for plywood has been cut and replaced with 4412.33 for plywood with at least one outer ply of specified species. Subheading 4412.34 was created for plywood with at least one outer ply of a species of non-coniferous wood.

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Chinese exports jumped 15% in September vs. last year, surpassing the previous month's performance and analysts' forecasts. Per China Customs, the value of China's wood products grew to $81 billion in the first half of 2018, up 9% vs. last year, as the value of exports rose 6% to $39 billion.

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Decorative Hardwoods Association® (formerly HPVA) eNews Volume XI, Issue XVIII: U.S., Canada Reach Trade Deal | China Increases Tariffs As Trade Rift Escalates | Roseburg Publishes Verified EPDs | HPVA Laboratories Publishes Certification Directory

The new NAFTA deal has been announced. Now known as the United States-Mexico-Canada Agreement (USMCA), the agreement is designed to create more balanced, reciprocal trade that supports higher-paying jobs for Americans and stronger North American economies.

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