Trade War Hits U.S. Forest Products Industry

When the Trump administration began imposing tariffs on Chinese products earlier this year— and China retaliated tit-for-tat—the U.S. wood products industry managed to stay out of the fray.

However, there was no escaping the third and latest round of Chinese-imposed tariffs, with forestry products hit hard with tariffs of five or 10 percent on hardwood and softwood logs, lumber, plywood, wood chips and more.

Even prior to the tariffs being imposed, the Hardwood Association reported that anticipation of the tariffs was having a negative impact on hardwood markets, resulting in a significant drop in timber prices.

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