Following the levy of countervailing duties on multi-storey wood flooring in China, the US Department of Commerce recently imposed an anti-dumping tax of up to 82.65% on China's multi-storey wood flooring exported to the United States.
According to the announcement, two of China’s three mandatory respondent companies have obtained a zero tax rate, one has a tax rate of 10.88%, other responding companies apply a tax rate of 10.88%, and unreported companies have a tax rate of 82.65%. It is expected that the U.S. Department of Commerce and the U.S. International Trade Commission will make final anti-dumping investigations on August 2 and September 16 respectively.
The U.S. Department of Commerce and the U.S. Trade Representative’s Office last November 12 launched a “double anti-subsidy†(anti-subsidy, anti-dumping) investigation on multi-layer wood floors exported to the United States. On March 22 this year, the final U.S. The floor levies 2.25%-27.01% countervailing duty. According to incomplete statistics, a total of 169 enterprises in China were listed by the United States as “double counter†investigations and the amount involved was more than 10 billion yuan.
Song Wei, director of the International Trade Research Office of the Institute of World Economics and Politics at the Chinese Academy of Social Sciences, believes that the economic recovery in the United States is not optimistic. In particular, the weakness of the real estate industry has affected the development of building materials and decoration industries. The unemployment rate has not improved. The launch of the flooring industry in China aims to free up market space and create jobs for related industries in their own countries.
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