Hardwood plywood, wooden cabinets and vanities from Vietnam may be investigated by U.S. for trade defence measures
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Hardwood plywood, wooden cabinets and vanities exported to the U.S. are among the 12 products at risk of being investigated for trade defence measures, origin fraud or illegal convenyance, announced the Trade Remedies Authority of Vietnam, reported Viet Nam News.
The rest of the list included mattresses, quartz surface products, seamless refined copper pipes and tubes, forged steel fittings, steel wheels, fabricated structural steel, steel propane cylinders and carton-closing staples exported to the US, tyres for buses and lorries to the EU and electric bicycles to both the U.S. and EU.
Vietnam export of hardwood plywood to the U.S. rose almost tenfold in three years
For hardwood plywood from Vietnam, the U.S. Department of Commerce may initiate trade defence investigation.
From 2016 to 2019, China exports of hardwood plywood fell from US$1.1 billion to $215.6 million after being subject to anti-dumping and anti-subsidy duties by the U.S. In the same period, Vietnam’s exports to the U.S. rose almost tenfold from $33.4 million to $322.2 million.
Vietnam’s exports of the remaining products to the U.S. and the EU also saw substantial increases while China exports of these products dropped when the U.S. and the EU’s imposed anti-dumping and anti-subsidy duties.
The list was announced based on the tracing of exports of products which were subject to trade defence measures by the importing countries but the tariff imposition had not been on products originating from Vietnam.