The United States proposes to impose a 25% tariff on plywood products

Sino-U.S. Trade Friction Upgrading The United States proposes to impose a 25% tariff on plywood products
2018-05-17 Source: China Forest Product Industry Association 来源:中国林产工业协会
The U.S. plywood claimant filed a written application on May 11, 2018, and filed a request with the U.S. government at the U.S. Trade Representative’s office to request the direct addition of softwood plywood products to the list of 50 billion U.S. dollars. % of tariffs.
Sino-U.S. Trade Friction Upgrading The United States proposes to impose a 25% tariff on plywood products
It is understood that the United States has a long history of importing plywood imported from China. As early as in December 2017, it was determined that the Chinese plywood industry was damaged by the American plywood industry. In early 2018, the plywood anti-dumping and anti-subsidy orders were formally issued. The rate of 206.34% of the tax rate and 378.26% of the punitive rate of taxation came into effect.
Regarding the incident that the American plywood claimant requested to add a 25% tariff to the 50 billion list of softwood plywood products, the China Forest Products Industry Association has sent letters to all member companies and will use the Chinese forest products industry. In the name of the trustworthiness fund, we hire lawyers to negotiate with the United States. We will wait and see the subsequent development of the situation.
This is a game between the two countries. The United States intends to curb the rise of China, control the trade imbalance between China and the United States, protect related industries in the country, and injures big game players. For plywood companies, the export of plywood in China will increase a series of Tariff costs may also face regulatory conditions, and market pressures will double.

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