New Zealand forestry export market shows signs of slowing down: tariffs and market dynamics have a double impact
March started off on a stable footing but US president Donald Trump’s 20% additional tariff on Chinese goods has affected business confidence. A bit of downward pressure was bound to be felt from the Chinese log market eventually, and there are early signs of that coming into play as we’ve moved to the back end of the month March. March started off on a stable footing but US president Donald Trump’s 20% additional tariff on Chinese goods has affected business confidence there, leading some buyers to take a more cautious approach to volumes purchased. The ...
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