Latest in US engineered floors case
Dumping duties have now been proposed at as much as 58.84 percent for some of those Chinese wood flooring importers involved in the current US imports scandal.
In a statement released last night the US Commerce Department revealed that the high duties would be imposed if the US International Trade Commission rules against the Chinese imports.
This is less than they were previously announced in May after the final hearing at the International Trade Commission and some manufacturers will not have taxes imposed.
The decision will be based upon whether the Trade Commission feels that the imported Chinese engineered wood floors have been detrimental to the American economy.
Certainly the value of the flooring import market has gone up by more than 60 percent over a two year period and is now worth around $120million.
This factor will certainly be taken in to account in the investigation which was auctioned by several US flooring manufacturers.
The difficult financial circumstances for all retail and manufacturing companies at the moment are likely to have influenced the action.
The investigation has been continuing for around a year now and the duties imposed will vary between individual importers if they are brought in.