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Companies in the timber industry / Daily News / Global Trends / Market Analysis / Forestry / Lumber / Pulp & Paper / Sawmilling / Wood construction / Wood flooring / Wood Products / Wood-based panels / Woodworking machinery / China / North America
October 1, 2018

Tariffs on Chinese wood products imports could be catastrophic for some US companies

Tariffs on Chinese wood products imports could be catastrophic for some US companies
The US has announced that it had finalized the list of approximately US$200 billion worth of imports from China that will be subject to additional 10% tariffs. Items included in the list, including a wide variety of wood products, are subject to an additional 10% tariff as of September 24.    The tariff rate will be raised to 25% on January 1, 2019 if the US and China cannot reach an agreement to address the ongoing trade tensions.    In response to this action, International Wood Products Association Executive Director Cindy Squires stated ...

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