Daily News / Global Trends / Market Analysis / Forestry / Furniture / Lumber / Sawmilling / Wood Products / Wood-based panels / China / Global / North America
December 18, 2018
Chinese wood products companies shift to Vietnam
The tariffs imposed on the imports of Chinese goods to the US have hit the target: to push production out of China, but not to the United States. According to South China Morning Post, after less than a month, the Trump Administration has collected $200 billion out of the Chinese imports, with a 10% tariff. The main furniture manufacturer in Hong Kong, Man Wah Holdings, is expanding outside Ho Chi Minh City in Vietnam. In June, Man Wah Holdings, whose products are widespread in the US, has purchased one of the largest ...
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