Vietnam announced to stop the transit trade of plywood to the United States!

Vietnam announced to stop the transit trade of plywood to the United States!

The trade conflict between China and the United States has lasted for more than a year. Both Chinese furniture exporters and American furniture consumers and retailers are under great pressure in this conflict.

The only winner of this conflict is probably Vietnam. From May 2018 to may 2019, Vietnam’s furniture export to the United States increased by 51%, becoming the third largest furniture export country to the United States. In addition to furniture made in China, plywood also uses the same method to evade US tariffs. Recently, under the pressure of the United States, the Minister of industry and trade of Vietnam announced that he would suspend the import of plywood from a third country to the United States from December 27, 2019.

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