The United States and China have agreed to suspend mutual 24% tariffs on wood products for 90 days, marking a significant breakthrough in a months-long trade standoff that has squeezed both exporters and importers across the global timber industry. The announcement followed high-level trade talks in Beijing, where both sides issued a rare joint statement confirming the temporary rollback of punitive tariffs. According to officials familiar with the discussions, the deal affects roughly 91% of traded wood products, including hardwood panels, solid wood furniture, and raw logs. The suspension takes immediate effect, offering timber exporters ...