U.S. Hardwood Lumber Industry Hit Hard
Posted On
October 30, 2019
Chinese tariffs on red oak, walnut, and other hardwood lumber have resulted in steep losses: nearly 50% of total industry revenue since 2017. The largest North American supplier of hardwood is closing its Washington sawmill, laying off all 70 employees, and closing another mill in Virginia.
Resources:
- CNBC: China trade war triggers closings, layoffs at US hardwood lumber mills
- UPI: U.S. hardwood industry disintegrates from trade war with China
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