$35 million get disbursed to US manufacturers
Under the Byrd Amendment, a couple of US manufacturers received $35.1 millions duties collected on Chinese wood bedroom furniture by US Customs and Border Protection. This represent a 61% increase from last year’s 21.8 million disbursement. Among all the manufacturers, Stanley Furniture received the largest payout amounting to $8.9 million. Companies that were not original petitioners that are seeking duties this year include Ashley, Furniture Brands International, HM Operating Inc., Kimball, Thornwood, Witmer Inds. and Standard.
However, in my opinion, this is not a way for US manufacturers to compete with foreign competition, duties can not be collected and distributed year after year and the amount definitely can not be guaranteed. Outsourcing probably be a better way for the long-term strategy if US manufactures want to stay competitive in this market.
A detailed report can be viewed at: http://www.furnituretoday.com/article/CA6510652.htmlÂ