24% of hardwood produced in the United States is exported to China and 22% is exported to other countries. The newly Chinese imposed tariffs on hardwood imports from the United States will significantly reduce US timber sales to China, resulting in excess US hardwood timber and falling timber prices. According to Gene Wengert, “The Wood Doctor”, due to the current low margins of hardwood sawmills, falling prices may turn quite a number of sawmills into non-profit operations. “Once the factory will start to close, the tariff war ...
Register for unlimited accessWe work hard to bring you the latest news in the world of the international wood industry. The article you are currently reading is available only to registered users.
By registering you gain access to:
- Thousands of quality articles
- In-depth analyses of market trends
- Exclusive market price insights
- And much more!