January 8, 2019
Potential Chinese trade tariff and Brexit impacts on the European hardwood market
Projecting into 2019, importers were concerned at the potential for an increase in market impacts of Chinese tariffs on US timber. Currently at 5-10% these are scheduled to double in March 2019. “So far, US shippers and Chinese buyers seem to have split the difference, but that will change when tariffs rise,” a UK importer told the country’s Timber Trades Journal. “With China accounting for over 50% of all US hardwood exports, that has to have repercussions.” As 85% of Chinese US imports are red oak, one importer said they ...
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