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June 19, 2019
Chinese tariffs will result in closing sawmills in US and falling hardwood prices
24% of hardwood produced in the United States is exported to China and 22% is exported to other countries. The newly Chinese imposed tariffs on hardwood imports from the United States will significantly reduce US timber sales to China, resulting in excess US hardwood timber and falling timber prices. According to Gene Wengert, “The Wood Doctor”, due to the current low margins of hardwood sawmills, falling prices may turn quite a number of sawmills into non-profit operations. “Once the factory will start to close, the tariff war will continue for a ...
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