US tariffs on Chinese wood imports reach $ 4 billion a year

The US Department of Commerce announced Thursday it has imposed countervailing duties at $ 4 billion a year on Chinese imports of kitchen cabinets and toilets. Chinese exporters of these products benefit from subsidies ranging between 10.97% and 229.24% of the value, the US market of these imports representing $ 4.4 billion. The decision follows an inquiry opened in March and remains subject to the opinion of the International Trade Commission, a …