Largest U.S. Furniture Company Opposes Antidumping Petition on Furniture From China
Today's St. Louis Post-Dispatch reports that the largest U.S. furniture company will oppose the recently filed antidumping petition on wooden furniture from China.
Furniture Brands International Inc., of Clayton, Missouri, has indicated that it will oppose the antidumping petition since the "only meaningful effect of a successful anti-dumping effort will be an increase in the price of furniture for the retail furniture consumer." A company spokesman claims that the petition was filed by small players in an industry that's ripe for consolidation. Under the U.S. antidumping law, the case may proceed as long as the petitions supported by at least 25 percent of the domestic industry and opposed by less than 50 percent of the domestic industry.
|posted by Douglas N. Jacobson| Permalink 
