9.3 C
New York
Monday, December 6, 2021

China commerce ministry says ‘strong dissatisfaction’ on U.S. hardwood plywood ruling

China commerce ministry says 'strong dissatisfaction' on U.S. hardwood plywood rulingChina commerce ministry says ‘strong dissatisfaction’ on U.S. hardwood plywood ruling

BEIJING (Reuters) – China’s commerce ministry said on Tuesday that it expresses “strong dissatisfaction” on a ruling by the United States over imported hardwood plywood products from China.

Unreasonable U.S. actions and rulings will seriously impact China’s exports of hardwood plywood and damage the interests of Chinese firms, the ministry said in a statement posted on its website.

The U.S. Commerce Department on Monday said it had made final determinations that hardwood plywood from China was being subsidized and dumped in U.S. markets. It set an anti-dumping duty of 183.6 percent and anti-subsidy duties ranging up to 194.9 percent.

The United States imported around $1.12 billion of the products from China in 2016.

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.

Source: Investing.com

Related Articles

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Stay Connected

10,926FansLike
12,893FollowersFollow
751FollowersFollow
- Advertisement -

Latest Articles

Popular Articles