NEWS

China immediately announced that it will raise tariffs on U.S. goods worth $60 billion, effective June 1. Tariffs on lumber, logs, and veneer will increase, varying by species. The U.S. exported $1.314 billion in hardwood lumber, $533 million in hardwood logs, and $6 million in hardwood veneer to China in 2018.

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Decorative Hardwoods Association (formerly HPVA) eNews Volume XII, Issue IX: American Kitchen Cabinets Win First Step Against China | ITC Releases Economic Impact Of U.S.-Mexico-Canada Agreement | China's & Vietnam's Exports To The U.S.

NAHB researchers reported that most home buyers and owners prefer white kitchen cabinets, followed by medium and dark brown. A survey of companies exhibiting at February's Kitchen and Bath Industry Show revealed that frameless cabinets and paint finishes are leading trends.

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China’s exports to the U.S. soared 14.2% in March, far exceeding the predicted increase of 7.3%. Imports fell 7.6%, suggesting domestic demand remains weak. In March, China's trade surplus with the U.S. was $32.64 billion.

The ITC has issued a report assessing the impact of the three-country trade agreement on the U.S. economy and the interests of U.S. consumers.

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USITC Releases Report Concerning the Likely Impact of the United States-Mexico-Canada Agreement (USMCA)