According to a recent announcement from the Decorative Hardwoods Association, the US International Trade Commission voted 5-0 to extend the period for the imposition of tariffs on Chinese wood flooring.
The Committee agreed that removing existing anti-dumping and countervailing duties on wood flooring from China would cause material harm to the U.S. wood flooring industry.
After the result of the vote, the existing tariff period will be extended by five years. The decision follows the country's review process on whether to remove the tariffs after five years as required by the Uruguay Round Agreement Act, and follows a similar ruling by the Commerce Department.
The Uruguay Round Agreements Act requires the U.S. Department of Commerce to rescind an anti-dumping or countervailing duty order or terminate the suspension agreement after five years, unless Commerce and the U.S. International Trade Commission determine that the rescission of the order or termination of the suspension agreement is likely to result in the continuation or recurrence of dumping, subsidies, or significant market impact for a reasonably foreseeable period of time.