U.S. Department of Commerce will initiate the Chinese exports to the U.S. anti-dumping investigations wood flooring

Washington, November 12 - --- U.S. Commerce Department said Friday it has accepted the U.S. request of the Union of hardwood floors, will Chinese companies are unfairly cheap wood flooring sold in the U.S. investigation.


The incident involving Home Depot (Home Depot) (HD.N: Quote) and Lowe's (Lowe's) (LOW.N: Quote) and other U.S. retailers sold the convenience of assembly of wooden floors. As new housing construction slowdown in the United States, the U.S. wood flooring manufacturer's business has been damaged.


U.S. manufacturers want wood flooring imported from China imposed multi-layer wood flooring about 195% -281% of the anti-dumping duties.


They also hope that Chinese-made wooden floor of countervailing duties to compensate for China's exchange rate policy, the negative impact.


U.S. imports from China last year, multi-layer wood flooring amount from $ 150,000,000 in 2008 to 1.2 million. (End)


Compile: Lili Released by: Section Xiaodong


Reuters new e-mail products and services - the "Daily Finance Fair," so that you receive every morning the essence of the Reuters Global financial information and the latest investment trends. Please click here (here) opened this service.