Trump’s re-election and its tariff policy could have serious repercussions for the global wood industry

Europe faces significant challenges should Donald Trump be re-elected as U.S. President in November. A major concern is Trump's strict "America First" policy, which includes imposing a 10% tariff on all imports. These tariffs are intended to finance a reduction in income tax but could have far-reaching economic consequences, particularly for the global wood industry. Economists warn that Trump's tariff plans could push the fragile global economy into recession. By driving up inflation and interest rates, consumer demand—already weak in the U.S., Europe, China, and Japan—would likely decrease further. While ...