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November 13, 2018

China to cut import tariffs on wood products

A recent government announcement effective November 1st, 2018 states that China has reduced import tariffs on more than 1,500 products to lower the average import tariff to around 7.8%.  Import tariffs on wood and paper products will be decreased to 5.4% from 6.6% which will help wood-based panels and other related imports to grow in China.  China-US Trade dispute update  The trade war between China and United States continues to impact markets.  During the first half of 2018 U.S. wood products made up:   ...

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