The Chinese tariffs on US hardwood exports might have a major impact on the hardwood sector in the US. On August 3rd, the Chinese Ministry of Commerce released a proposal for tariffs ranging from 5% to 25% on various goods including hardwood lumber and logs. The duties would equally cover both low-grade and grade hardwood logs and lumber. However, the impact would be far greater on the grade side since the vast majority of U.S. hardwood exports to China is grade material. China’s proposal comes after the United States ...
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