US updates reciprocal tariffs: implications for global wood product trade
Starting August 7, 2025, the United States will implement updated reciprocal tariffs on imported goods, with specific consequences for the global wood products trade. The changes are based on the executive order issued on July 31 and signal Washington’s continued focus on aligning trade terms with its trading partners. For the wood sector, the most relevant detail is that wood products previously exempt under Executive Order 14257 remain unaffected by the new tariff rates. This includes a broad list of lumber and panel goods. The updated list of exempted items can be found in Annex2. However, the European ...
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