Disclaimer: The information provided on the Timber Exchange Market Data Hub is sourced from a variety of publicly available data sources and confidential sources that have not been independently verified. Timber Exchange is not responsible for any expenses, damages, losses, or costs incurred as a result of using or relying on the information provided on this site. By using the Timber Exchange Market Data Hub, you agree to use the information at your own risk and acknowledge that any decisions made based on the information provided are done so solely at your own risk.
Vietnam circumvented Chinese plywood duties rules- U.S. Department of Commerce
Posted on August 22, 2022 |
- The US Department of Commerce determined that HWPW products and exports from Vietnam to the US used Chinese core materials, which are subject to substantial antidumping and countervailing duties that could be as high as 200%.
- As a result of this determination, liquidation will be discontinued and cash deposits of evaluated duties will be needed for entries of HWPW retroactive to June 17, 2020.
- The appropriate AD cash deposit rate will be 183.36% and the CVD cash deposit rate will be 22.98% unless it's a company's specific rate.
- On July 29, the US Department of Commerce determined that certain hardwood plywood products and veneered panels (hardwood plywood) exported from the Socialist Republic of Vietnam (Vietnam) were assembled in Vietnam with hardwood plywood inputs sourced from the People’s Republic of China (China) are obliged to the antidumping duty (AD) and countervailing duty (CVD) orders on hardwood plywood from China.