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U.S. finds hardwood plywood from China subsidized, slaps on duties

WASHINGTON, April 18 (Reuters) - The U.S. Department of Commerce said on Tuesday it had made a preliminary finding of subsidies in imports of hardwood plywood products from China and will impose countervailing duties ranging from 9.89 percent to 111.09 percent.

In 2016, imports of hardwood plywood products from China were valued at an estimated $1.15 billion, the department said in a statement. (Reporting by Eric Beech)