DHA Insights: March 24, 2022
Russia's tragic war in Ukraine and its impact on the hardwood products industry and trade dominate this week's headlines. As previously reported, Russia was the third-largest source of U.S. hardwood plywood imports in 2021, exceeding 567 million square feet worth more than $334 million. In addition, more than 653 million square feet of birch plywood was imported from Vietnam last year—much of it using birch from Russia. Long‑lasting trade impacts could result from legislation passed last week in the U.S. House of Representatives that would end "normal trade relations" with Russia and increase tariffs on imports of birch plywood to 50%. This creates challenges for importers and potential opportunities for domestic manufacturers.
Trade is on the agenda at DHA's annual meeting. I encourage you to register early.
If you have questions or comments, contact me. I look forward to hearing from you.
Keith A. Christman, President
Decorative Hardwoods Association