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October 24, 2018

Vietnam’s timber industry plays a crucial role in the US-China trade war

Vietnam’s timber industry plays a crucial role in the US-China trade war
Starting from mid-September 2018, the US decided to impose 10 percent tariffs with the total cost of $189 billion on Chinese goods, including wood products. The tariff will be increased to 25 percent on January 1, 2019 and possibly reach 44 percent if the two countries do not resolve the trade war.    According to To Xuan Phuc, senior policy analyst from Forest Trends (a non-profit organisation based in Washington, DC whose mission is to conserve forests and other ecosystems), the US-China trade war will definitely affect the Vietnamese wood processing industry, as VietnamNet ...

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