Trade Court Keeps China Tariffs That Saved American Furniture Business

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The United States International Trade Commission (ITC) voted to preserve United States tariffs on China-made wooden furniture that saved American furniture businesses when they were first imposed in 2005.

The United States International Trade Commission voted to preserve United States tariffs on China-made wooden furniture that saved American furniture businesses when they were first imposed in 2005.to keep in place U.S. tariffs on China-made wooden furniture. The decision came as part of a review process where the tariffs must be reconsidered every five years.

The U.S. tariffs on China-made wooden furniture were first imposed in 2005 after furniture maker John Bassett III, who operates the Vaughan-Bassett Furniture Company based in Virginia and North Carolina, fought to save the industry from being gutted by cheap Chinese imports.

 

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Japan - Tokyo International Conference in Tunisia pledge 30 billion in development aid over the next three years to Africa. $130 million up front for food aid!

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