Lumber Liquidators Updates 2019 Financial Outlook To Reflect Favorable Tariff Exclusions
Lumber Liquidators announced an update to the company's financial outlook for full-year 2019.
On Nov. 7, the U.S. Trade Representative (USTR) ruled on a request made by a number of interested parties, including Lumber Liquidators, and retroactively excluded certain flooring products imported from China from the Section 301 tariffs implemented at 10% beginning in September 2018 and increased to 25% in June 2019. Furthermore, on Nov. 20, U.S. Customs and Border Protection issued Chapter 99 exclusions on each unique article number identified under the Nov. 7 USTR ruling.