An $829 million goodwill impairment led to a GAAP net loss of $732 million; the company expects continued strong Industrial results and more stable Consumer results in the fourth quarter.
Tarifs et droits de douane
Imports from South Korea fell to 3,258 metric tons in the year to June 2025, or 2.5% of EU consumption.
The antidumping part is 6.40% after an offset for export subsidies, and the countervailing, or subsidy, part is 9.37%, up from 3.67% at the preliminary stage.
Commerce will instruct U.S. Customs and Border Protection to continue suspending liquidation of entries made on or after May 27, 2026, and to collect cash deposits at the final rate.
The preliminary administrative review covers one company and rescinds proceedings for four others, with final cash deposit requirements still pending.
New pricing takes effect for all orders and deliveries from November 1, 2026.
Commerce must exclude Jiangyang Wood and Dehua TB from the hardwood plywood antidumping order and cannot reopen the record to calculate new rates.
The Chinese list covers hardwood and softwood lumber, logs, OSB, fiberboard, plywood and flooring, while tariff reductions still require domestic procedures.
U.S. hardwood log exports to China reached 380.6 thousand m3 worth $285 million in January-August 2026, exceeding full-year 2025 shipments.
Dealers report higher supplier prices, reduced Canadian shipments and longer lead times after the duties took effect.
Forest-product shipments weaken as U.S. and Canada move closer to a broader trade conflict.
The USITC made affirmative injury determinations on hardwood and decorative plywood from China, Indonesia and Vietnam, clearing the way for antidumping and countervailing duty orders.
The three-day pause gives negotiators time to finalize a broader agreement covering market access and other bilateral trade issues, with Canadian lumber among the products exposed to the planned additional U.S. tariff.
The companies remain in the China-wide entity, with the rate applying to reviewed entries and future cash deposits.
Industry curtailments and seasonal demand lift lumber prices, while higher output and lower unit costs improve operations; duty rates remain a risk for the second half.
New pricing for all grades takes effect from September 1, 2026.
Subject softwood lumber produced and exported by the companies will face a 1.05% countervailing-duty cash deposit on entries from August 6.
Gains in China, Taiwan, Mexico, Pakistan, South Korea and Hong Kong offset only about 4% of the U.S. volume decline.
Price adjustment applies to all new orders amid rising raw material and energy costs.
Most products affected by the 50% tariff are sold in Canada, limiting exposure to about 1% of total sales, analysts estimate.