DHA Insights: April 21, 2022
On April 8, the U.S. suspended normal trade relations with Russia and Belarus, immediately raising tariffs on Russian birch plywood to 50% in many cases. This and other restrictions are well deserved, but as the U.S. imported 567 million square feet of hardwood plywood from Russia last year, this large amount of plywood will be hard to replace particularly for the engineered wood flooring industry. Decorative Hardwoods Association and flooring associations held a webinar on April 19 to provide the engineered wood flooring industry with information and resources to address this major challenge.
Going further, Republicans in Congress proposed banning imports of Russian timber and sustainably increasing the domestic harvest. Unfortunately, it appears that unfounded concerns about harvesting wood may prevent this legislation from moving forward and filling the Russian supply gap.
It looks like this year will continue with dramatic changes that impact our industry. If you aren't a member, join DHA to help address these challenges. If you are a member—thank you—and be sure to join us at DHA’s Annual Meeting, May 16–18.
If you have questions or comments, contact me. I look forward to hearing from you.
Keith A. Christman, President
Decorative Hardwoods Association
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