Furniture Takes Opportunities from Trade Wars

By Editorial Team 07/10/2019
Summary

Indonesian furniture and wood products industries had their opportunities wide open from the trade war after the US imposed high import duties on Chinese products. The US Commerce Department slapped more tariffs on wooden cabinets and vanities from China, Bloomberg reported.

The tariff was a response to a petition by the American Kitchen Cabinet Alliance filed that alleged at least US$ 2 billion in harm from Chinese shipments. The US government imposed a 263 percent antidumping rate on Dalian Meisen Woodworking Co, 81 percent for Rizhao Woodwork Manufacturing Co, and 4,49 percent for Ancientree Cabinet Co. All other Chinese exporters that cooperated in the investigation will be charged a duty of 39 percent, while those that didn’t respond received a tariff of 262 percent.

Register now and get free access.

If you want to get free access to our Daily Insights and Weekly Digest, please click "Sign up" button below. If you already have an account, please login.

Sign up
Log in
What do subscribers receive?

As a subscriber, you'll receive daily insights, weekly business digests, and quarterly industrial reports.

What kind of pieces will i get?

In-depth reports on assumption and impact analysis, as well as update and trends mapping, written by our credible and experienced analysts.

And, there is something else…

Register now and get free access, click here to register. Feel free to contact us with any additional questions you have.