DHA eNews - China's Wood Flooring Trade Falls

Decorative Hardwoods Association (formerly HPVA) eNews Volume XIV, Issue X: China's Wood Flooring Trade Falls | EU Eases Restrictions On U.S. Maple Veneer | U.S. Reverses Decision On Vietnam As A Currency Manipulator | Vietnam Overtakes China As Biggest Exporter Of Furniture To U.S. | China's Plywood Production Capacity Continues To Grow
 

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Wood Quiz: Test Your Knowledge

Where and how old is the longest wooden bridge in the world?

 

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U.S. Home Builders Want New U.S.-Canada Softwood Deal; U.S. Mills Expand Capacity

Lumber costs for a new single-family home in the U.S. have tripled. Now, home builders are pushing the Biden administration for a new softwood deal with Canada. Under the current agreement, the U.S. imposes duties of nearly 9% on imports of most Canadian lumber.

U.S. lumber companies are continuing to expand capacity as wood prices reach record highs.

 

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Vietnam Overtakes China As Biggest Exporter Of Furniture To U.S.

Last year, Vietnam shipped more than $7.4 billion in furniture to the U.S., an increase of 31%. China shipped $7.33 billion in furniture to the U.S. in 2020, down 25% from the $9.7 billion shipped in 2019.

 

Resource:

Furniture Today: Vietnam overtakes China as largest exporter to U.S.

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