U.S. finds hardwood plywood from China subsidized, slaps on duties

The U.S. Department of Commerce said on Tuesday it had made a preliminary finding of subsidies in imports of hardwood plywood products from China and will impose countervailing duties ranging from 9.89 percent to 111.09 percent.

The investigation follows petitions from six privately owned U.S. plywood producers into the imports, which are used in wall panels, kitchen cabinets, table and desk tops, and flooring.

In 2016, imports of hardwood plywood products from China were valued at an estimated $1.15 billion, Commerce Secretary Wilbur Ross said in a statement.

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