US Dept of Commerce to impose preliminary duties In China plywood case
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The U.S. Department of Commerce has announced the initiation and preliminary decisions of anti-dumping (AD) and countervailing duty (CVD) investigations concerning hardwood plywood from China.
“The Department of Commerce will act swiftly to halt any possible unfair trade practices against U.S. companies while also assuring a full and fair assessment of the facts,” said Secretary of Commerce Wilbur Ross. “The Trump administration is unequivocally committed to the vigorous enforcement of America’s trade laws and will ensure U.S. businesses and workers are treated fairly.”
The Department issued an affirmative preliminary determination in the CVD investigation of imports of hardwood plywood from China. The Department found that Chinese hardwood plywood from China had been unfairly subsidised at margins ranging from 9.89 per cent to 111.09 per cent.
Anti-dumping investigations were also made on imports of carbon and alloy steel wire rod from 10 separate countries (Belarus, Korea, Russia, South Africa, Spain, Ukraine, the United Arab Emirates, and the United Kingdom).
The total U.S. import value of hardwood plywood from China and carbon and alloy steel wire rod from the 10 listed countries is respectively $1.15 billion and $272.2 million.
Since January 20, the Department of Commerce has opened 24 trade enforcement investigations relating to alleged dumping or unfair subsidisation of more than $2.3 billion worth of U.S. imports, and has made preliminary or final determinations on 34 antidumping/countervailing duty investigations impacting more than $3.6 billion of dumped or unfairly subsidised domestic imports.