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March 1, 2021

China to reduces tariffs on some wood products

 China’s Custom Tariff Commission of the State Council has reduced tariffs on certain forestry products imported into the country. The tariff reduction began Jan. 1. More than 100 forest products qualify for the tariff reduction, including certain wood fiber boards, plywoods, wood block core plywoods and wood surface multilayer boards, according to a translated version of China’s announcement.  This action demonstrates the importance of the wood industry to China.  US-China trade war  In 2018, the Trump administration started the first rounds of tariffs on what would eventually become more ...

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