The United States ruled to continue to impose high tariffs on Chinese hardwood plywood!

Recently, the U.S. International Trade Commission ruled that if the existing antidumping and countervailing duty orders on some hardwood plywood products from China are revoked, it may cause continued or re-cause substantial damage to the country's enterprises and industries for a certain time. As a result of the Commission's decision, existing tariffs on imports of hardwood plywood from China will remain in effect. This is part of the five-year (sunset) review process required by the Uruguay Round Agreements Act. The current plywood tariffs imposed on China, many of which exceed 200 percent, will remain in place for at least another five years.