Today, the U.S. International Trade Commission (ITC) unanimously determined that the U.S. industry is neither materially injured nor threatened with material injury by reason of imports of hardwood plywood from China that the U.S. Department of Commerce (DOC) found to be dumped and subsidized. As a result, the DOC will not impose antidumping or countervailing duties and any antidumping and countervailing duties paid previously on imports of hardwood plywood from China will be refunded. Also, because the vote was unanimous, it will make it less likely that the U.S. producers can mount a successful appeal of the ITC decision.

The basis for the determination will be explained in a final report and opinion, which the ITC currently expects to be released by December 16, 2013.

Source: Client Alert