Earnings at Lumber Liquidators, whose flooring sales have been growing rapidly with housing and economic recovery, will be closely watched when they are announced July 24.
The U.S. multilayered flooring industry received a boost following the announcement last week by the International Trade Administration that antidumping and countervailing duties would be assessed on more than 100 Chinese manufacturers.
Antidumping and countervailing duty orders have been finalized for multilayered wood flooring from China. The International Trade Administration published the final determination Dec. 8 in the Federal Register.
The U.S. Commerce Department has determined the amounts of countervailing duties for some Chinese manufacturers of multilayered wood flooring. What impact will this have on the U.S. manufacturers and importers, and the entire retail chain?
A coalition of U.S. flooring firms is seeking tariff action by the U.S. Department of Commerce, alleging imported Chinese multilayered flooring is unfairly subsidized.