1. #1

    U.S. finds hardwood plywood from China subsidized, slaps on duties

    U.S. finds hardwood plywood from China subsidized, slaps on duties
    (Reuters) - The U.S. Department of Commerce said on Tuesday it had made a preliminary finding of subsidies in imports of hardwood plywood products from China and will impose countervailing duties ranging from 9.89 percent to 111.09 percent.

    The investigation follows petitions from six privately owned U.S. plywood producers into the imports, which are used in wall panels, kitchen cabinets, table and desk tops, and flooring.

    In 2016, imports of hardwood plywood products from China were valued at an estimated $1.15 billion, Commerce Secretary Wilbur Ross said in a statement.

    The Commerce Department said it calculated preliminary subsidy rates of 111.09 percent for Shandong Dongfang Bayley Wood Co and 9.89 percent for Linyi Sanfortune Wood Co.

    Sixty-two other companies received a subsidy rate of 111.09 percent and all other producers/exporters in China were slapped with a preliminary subsidy rate of 9.89 percent, the department said.

    The Commerce Department said it is scheduled to announce its final determination on or about July 5 unless the statutory deadline is extended.

    (Reporting by Eric Walsh and Eric Beech; Editing by Bill Trott)
    This is why I find hypocritical that China out of all nations calls for the preservation of free trade.
    Last edited by Hombregato; 2017-04-21 at 01:35 PM.

  2. #2
    Scarab Lord
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    Quote Originally Posted by Hombregato View Post
    U.S. finds hardwood plywood from China subsidized, slaps on duties


    This is why I find it baffling that China out of all nations calls for the preservation of free trade.
    And yet Trump bitches and complains about Canada for slapping duties on American subsidized dairy. The hypocrisy is real.
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    Quote Originally Posted by Hombregato View Post
    U.S. finds hardwood plywood from China subsidized, slaps on duties

    This is why I find ironic that China out of all nations calls for the preservation of free trade.
    Why?
    It is perfectly logical for them to do so because ohterwise their subsidies do not do anything internationally.

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    Quote Originally Posted by Noradin View Post
    Why?
    It is perfectly logical for them to do so because ohterwise their subsidies do not do anything internationally.
    Because "America First", but when other countries put themselves first it's "disgraceful".
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  5. #5
    Quote Originally Posted by Tyrianth View Post
    And yet Trump bitches and complains about Canada for slapping duties on American subsidized dairy. The hypocrisy is real.
    Well Canada is an American colony, China is a different matter. I really don't know how you can still be upset about hypocrisy, that was and always will be the case in foreign relations. Whoever is the strongest pushes his agenda onto others.

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    Quote Originally Posted by sztyrymytyry View Post
    Well Canada is an American colony, China is a different matter. I really don't know how you can still be upset about hypocrisy, that was and always will be the case in foreign relations. Whoever is the strongest pushes his agenda onto others.
    Haha keep thinking that. We'll continue to keep your factory farmed, hormone filled "milk" out of Canada.
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  7. #7
    Quote Originally Posted by Tyrianth View Post
    Haha keep thinking that. We'll continue to keep your factory farmed, hormone filled "milk" out of Canada.
    Oh I just noticed you are from Toronto....haha, sorry!

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    Quote Originally Posted by sztyrymytyry View Post
    Oh I just noticed you are from Toronto....haha, sorry!
    Don't be. Beats any place south of the border!
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  9. #9
    Quote Originally Posted by Noradin View Post
    Why?
    It is perfectly logical for them to do so because ohterwise their subsidies do not do anything internationally.
    Logical yes. Just Ironic or I would say hypocritical.

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    Dreadlord Jeffyman's Avatar
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    American politicians want capitalism and free trade when it suits them, does u turn when it doesn't.

  11. #11
    Quote Originally Posted by Tyrianth View Post
    And yet Trump bitches and complains about Canada for slapping duties on American subsidized dairy. The hypocrisy is real.
    America first get used to it.

  12. #12
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    Quote Originally Posted by Hombregato View Post
    America first get used to it.
    Nah, we'll just keep slapping 300%+ tariffs on American dairy.
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    The Unstoppable Force smrund's Avatar
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    What? China subsidizing it's companies in order to undercut foreign markets? Oh no China would never do that!
    Quote Originally Posted by Masark View Post
    People in cars cause accidents. Accidents in cars cause people.
    "Why is a soap bubble round?"
    And thus I give you: MALE contraception!

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    The Unstoppable Force Hubcap's Avatar
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    There are always scuffles when it comes to trade.

    Trump was saying China was holding it's currency artificially low and cheating that way. Turns out, after an investigation, China is trying to hold it's currency high to keep money from leaving the country.

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