China slaps a 34% tax on all US imports, including wood products

In a significant escalation of trade tensions, China has imposed a sweeping 34% tariff on all imports from the United States, including wood products. This retaliatory move follows the latest round of tariffs imposed by the Trump administration, which targeted a wide range of Chinese goods earlier this year. The new Chinese duties, set to take effect next week, are expected to heavily impact the U.S. forest products sector, particularly exporters of logs, hardwoods, and sawnwood. The tariffs come alongside a formal suspension of U.S. log imports, announced by China’s General Administration of Customs (GAC), citing ...