U.S. May Double Taxes on Chinese Wood Flooring

According to sources, the U.S. Department of Commerce will announce on October 12 that it will set a final tax rate for multi-storey wood flooring produced in China. It plans to impose an anti-dumping tax of up to 83% and a countervailing duty of up to 27%. The relevant person of the China Wood and Wood Circulation Association admitted that if the ruling is true, many Chinese wood flooring companies may not be able to afford it and be forced to withdraw from the US market, which is a blow to the Chinese wooden flooring industry which is internally and diplomatically troubled.

The incident dates back to October 21, 2010. At that time, the American Hardwood Flooring Alliance believed that the price of solid wood flooring in China was too low. It requested the US International Trade Commission to conduct countervailing and anti-dumping investigations on such products in China, and proposed to impose 242.2% anti-dumping measures. tariff. The final result is that it is determined to cause damage to the US floor industry and impose an anti-dumping tax of up to 83% and a countervailing duty of up to 27%.

A person in charge of a wooden floor company in Zhejiang revealed: “For Chinese manufacturers, if they agree with this result, it is tantamount to abandoning the US market, but if you want to respond, the price is not small.”

According to industry sources, the above results are unreasonable. According to the US allegations of anti-dumping against China before, the United States did not find evidence of previous investigations showing that there was dumping in Chinese wood flooring companies. This is also an act of trade protectionism in the United States. Because the U.S. economy is relatively passive and the unemployment rate continues to rise, the United States sacrifices the interests of other countries in order to protect the interests of its own companies.