Heavy! U.S. imposes 276.23% tariff on China! Exports of this category drop to zero...

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Recently, the U.S. Department of Commerce officially issued a final affirmative determination notice: imposing anti-dumping and countervailing duties on hardwood and decorative plywood from China, Indonesia, and Vietnam.

Final anti-dumping rate: China: Uniform rate for listed producers/exporters and all other entities: 187.27% (185.96% after cash deposit adjustment).

Indonesia: Rates range from 15.40% to 84.94% (15.39% to 84.94% after cash deposit adjustment).

Vietnam: National entity unified tax rate: 90.12% (adjusted to 84.95%).

Final countervailing duty rate:

China: Listed enterprises and national entity unified tax rate: 88.96%.

Indonesia: Tax rates range from 4.22% to 58.39%.

Vietnam: Tax rates range from 47.68% to 165.39%.

It is particularly noteworthy that the final tax rates will be imposed cumulatively, i.e., anti-dumping duty + countervailing duty. The final tax rate faced by Chinese producers/exporters is 187.27% + 88.96% = 276.23%.

Facing a high tariff of 276.23%, exports of this category to the United States have essentially dropped to zero. In this round of anti-dumping and countervailing duties, Chinese producers/exporters face much higher rates than those in Vietnam and Indonesia, where most Vietnamese companies face a rate of 137.8% and Indonesian companies face 58.97%.

In addition, since most Chinese companies did not participate in the response, the U.S. directly applied the highest rate based on the principle of 'adverse inferences.'

Product scope involved: hardwood decorative plywood (including certain softwood-faced plywood, bamboo plywood, etc.), excluding structural plywood and fully assembled furniture. The HS codes mainly involve the 4412 series, as follows:

In 2025, U.S. imports of hardwood plywood from China were only 52,800 cubic meters, a decrease of about 38 times from approximately 2 million cubic meters in 2016. Trade between China and the U.S. in this category has nearly dried up. Currently, China's exports to the U.S. are mainly concentrated in high-end decorative plywood.

Vietnam and Indonesia have become the main suppliers of hardwood plywood to the U.S. In 2025, exports from these two countries to the U.S. reached 980,000 cubic meters and 891,000 cubic meters respectively, together accounting for nearly 60% of total U.S. imports.

For Chinese companies, what is truly alarming is not the loss of current orders, but the targeted suppression of the niche advantage area of high-end decorative plywood.

In the past, although China's overall export volume declined, it still led in unit value, indicating that high value-added products remained competitive.

Now that sanctions are precisely targeting this area, the industry's biggest concern is naturally not short-term profits, but the continued shift of supply chains, customer relationships, and even some production capacity to Southeast Asia.

The impact of the U.S. final ruling on 'double反' (anti-dumping and countervailing duties) is not just on a few exporters, but on the entire logic of the wood panel industry's overseas layout. The answer to whether it can still rely solely on domestic production and direct exports to the U.S. for orders is becoming increasingly clear. For companies, the next competition will likely no longer be about who ships faster, but who can understand the rule changes earlier and rebuild market paths in advance. Companies and individuals engaged in related trade should pay attention to the latest changes!