Commerce Department Proposes Duties on China Wood-Floor Imports
The U.S. Commerce Department proposed dumping duties of as much as 58.84 percent on wood flooring imports from China.
Seventy-four Chinese exporters qualified for a 3.31 percent duty should the U.S. International Trade Commission rule that the imports hurt or threaten harm to U.S. producers, the Commerce Department said in a statement today.
Zhejiang Yuhua Timber Co. would pay no tariffs, Zhejiang Layo Wood Industry Co. would pay 3.98 percent and Samling Group would pay 2.63 percent, according to the Commerce Department statement. All other Chinese producers would pay 58.84 percent, according to the statement.
The value of U.S. imports of the flooring climbed 64 percent to $120 million in 2009 from 2007, according to the statement. The petition was brought by U.S. producers including Anderson Hardwood Floors and Shaw Industries Group Inc., which was acquired by Warren Buffett’s Berkshire Hathaway Inc. (BRK/A) a decade ago.
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