Up to $1 billion of forest products could be subject to tariffs in the coming 30 days after the European Union hit the United States with “strong and proportionate” tariffs on a range of products. The European Commission has announced a sweeping package of retaliatory tariffs on U.S. exports, escalating trade tensions following Washington’s decision to impose 25% duties on EU steel and aluminum. The EU’s measures, overall valued at up to €26 billion, will heavily impact the U.S. wood industry, with tariffs on lumber, plywood, veneer, flooring, chipboard, fiberboard, pulp, and paper products ...