U.S. Hardwood Plywood Manufacturers Commend Strong Final Results in Commerce Investigation of Chinese Dumping, Subsidies

WASHINGTON, Nov. 13, 2017 /PRNewswire/ -- Today, the Coalition for the Fair Trade of Hardwood Plywood commended the Department of Commerce's announcement, which released the final results in the antidumping (AD) and countervailing duty (CVD) investigations on hardwood plywood from China. Commerce calculated final antidumping margins of 183.36 percent for all Chinese companies and final countervailing duties of 22.98 to 194.90 percent.

"Today's Department of Commerce results show U.S. importers and purchasers of Chinese hardwood plywood that the government will no longer tolerate illegal Chinese trade practices," said Tim Brightbill of Wiley Rein, trade counsel to the Coalition. "We are extremely pleased with these results, which reflect the level of China's dumping and subsidies that U.S. hardwood plywood producers have been forced to deal with for years. We remain focused on an affirmative injury determination at the U.S. International Trade Commission, and we look forward to securing the long-term trade relief that is so needed by this industry and its thousands of workers."

"Today's announcement is a strong win for the U.S. hardwood plywood industry," said Brad Thompson, CEO of Columbia Forest Products of Greensboro, NC. "The duties imposed send a clear signal to American hardwood plywood workers that the Trump administration is ready to stand up for this historic American industry."

The Department of Commerce's determination is a result of a full-year investigation into China's unfair trade practices. In December, the Department of Commerce published its commencement of the antidumping and countervailing duty investigations of certain hardwood plywood products imported from China.

In April 2017, the Department of Commerce preliminarily found that the Government of China unfairly subsidizes its hardwood plywood producers and imposed preliminary countervailing duties on Chinese hardwood plywood imports. At that time, the preliminary duties ranged from 9.89 to 11.09 percent. In June 2017, the Department of Commerce preliminarily found that Chinese hardwood plywood was being sold in the United States for less than fair value and imposed preliminary antidumping duties of up to 114.72 percent.

The antidumping and countervailing duty cases were filed on behalf of the Coalition for Fair Trade of Hardwood Plywood, a group of six producers and manufacturers that are committed to safeguarding the U.S. hardwood plywood industry and its thousands of workers. The law firm of Wiley Rein LLP is representing the Coalition in these investigations.

ABOUT US: The Coalition for Fair Trade of Hardwood Plywood is committed to standing up for American workers and supporting U.S. manufacturers. The administration must take steps to preserve the U.S. production of hardwood plywood by combating the rising tide of unfairly traded imports into the U.S. from China. Learn more at www.hardwoodplywoodfairtrade.com.

SOURCE Coalition for Fair Trade of Hardwood Plywood

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http://www.hardwoodplywoodfairtrade.com