(Yicai Global) Nov. 14 -- The US Department of Commerce announced its affirmative final determinations in the antidumping duty and countervailing duty investigations of imports of Chinese hardwood plywood products, establishing a dumping margin of 183.36 percent and final subsidy rates between 22.98 percent and 194.90 percent, said Wang Hejun, director of the Chinese Ministry of Commerce's Trade Remedy and Investigation Bureau.

The US Department of Commerce disregarded World Trade Organization (WTO) obligations and commitments, and continued to apply discriminatory "surrogate country" practices, under which WTO members use costs of production in a third country to calculate the value of products from countries on its non-market economy list, which includes China, Wang said.

The US Department of Commerce refused to take the large amount of evidence that Chinese enterprises submitted into consideration and made an irrational increase in the dumping margins of Chinese groups in the final ruling, said Wang.

The US factitiously constructed the subsidy items to justify ruling a relatively high level of subsidy, regardless of corresponding regulations and adjudications of WTO, said Wang. China has expressed strong dissatisfaction with such irrational practices, which will severely hinder the export of China's plywood to US, damaging the interests of Chinese enterprises, said Wang.

During his visit to China, US President Donald Trump and his Chinese counterpart, Xi Jinping, reached a broad consensus on their commitment to fostering a mutually beneficial economic and trade cooperation, Wang said. China hopes the US can effectively implement this common consensus, conduct investigations fairly and justly based on WTO regulations, and manage differences properly through dialogs and negotiations, Wang said.