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Glory Shifts Production As Commerce Puts Mattress Case to Bed

China 2097 Cons. Discr. - Durables 181 Malaysia 79 Tariffs 1451 U.S. 3828 Vietnam 220

The U.S. Commerce Department has determined that exports of mattresses from China have been dumped at margins of up to 1,732%. The case has been largely successful in squeezing Chinese imports out of the market – imports from China fell 94.7% year over year in the three months to Aug. 31. Yet, total imports only fell 22.5% as shippers including Glory Home Furnishing switched production to Vietnam or Malaysia. The latter two countries accounted for 39.3% of U.S. imports in the three months to Aug. 31 from 1.6% a year earlier. Mexican exporters have also lost out to renewed competition – i...

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