Tags: China | Commerce Department | tariffs | bedroom furniture | Vietnam

China Uses Vietnam to Sidestep Furniture Tariffs

Tuesday, 24 May 2011 03:07 PM

In an effort to protect U.S. manufacturers from the practice of dumping, the Commerce Department hit Chinese makers of bedroom furniture with import tariffs in 2005. Instead of slowing down the import of artificially low-priced beds and night stands, the move actually increased them, The Washington Post reports.

Woodworth Wooden Industries in southern China used to ship 400 containers of bedroom furniture monthly to the United States, but now sends just 60.

However, the company, along with others, moved parts of its operations to Vietnam to avoid the tariffs. As a result, imported bedroom furniture accounts for 70 percent of the U.S. market, up from 58 percent before the tariff.

While China exported $691 million in bedroom furniture to the United States last year, down from $1.2 billion in 2004, exports of the same goods from Vietnam have gone from $151 million to $931 million.

The number of Americans making furniture in America is now less than half of what it was before the tariffs.




© 2015 Newsmax. All rights reserved.

Around the Web
Join the Newsmax Community
Please review Community Guidelines before posting a comment.
>> Register to share your comments with the community.
>> Login if you are already a member.
blog comments powered by Disqus
 
Email:
Country
Zip Code:
Privacy: We never share your email.
 
Hot Topics
Follow Newsmax
Like us
on Facebook
Follow us
on Twitter
Add us
on Google Plus
Around the Web
Top Stories
You May Also Like

Michael Moore Continues Twitter Barrage on 'American Sniper'

Monday, 26 Jan 2015 09:14 AM

Filmmaker Michael Moore continued his attacks against the movie "American Sniper" on his Twitter account over the weeken . . .

Silver to Hand Off N.Y. Assembly Speaker Duties to Fight Charges

Monday, 26 Jan 2015 07:36 AM

New York Assembly Speaker Sheldon Silver is temporarily handing off control of the chamber to a group of top members so  . . .

Bill Clinton: Healthcare Begins With Grassroots 'Wellness' Efforts

Monday, 26 Jan 2015 06:55 AM

Former President Bill Clinton called for an intensified emphasis on wellness as opposed to fixing sickness, KESQ News re . . .

Most Commented

Newsmax, Moneynews, Newsmax Health, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, and Newsmax World are trademarks of Newsmax Media, Inc.

 
NEWSMAX.COM
America's News Page
©  Newsmax Media, Inc.
All Rights Reserved