NEWS

Hardwood lumber exports to China have been severely impacted by China's new tariffs. The Hardwood Federation voices its concerns as the hardwood plywood and engineered flooring industry are embroiled in circumvention challenges of their orders.

Source:

Decorative Hardwoods Association® (formerly HPVA) eNews Volume XI, Issue XIV: Trade Fallout With China Could Harm U.S. Hardwood Exports | Chinese Hardwood Flooring Company Builds First U.S. Plant | Chinese Multilayered Wood Flooring Received Subsidies | FSC Bans DuChateau From Certification Indefinitely

China has threatened retaliatory tariffs that could reach 25% on U.S. hardwood lumber and veneer exports and 20% on hardwood logs. AHEC's Mike Snow notes that the U.S. shipped $1.6 billion in hardwood lumber, $800 million in hardwood logs, and $260 million in veneer to China last year. The Chinese announced that the tariffs will be implemented "immediately" if the U.S.

The Department of Commerce has determined that two Chinese flooring companies received countervailable subsidies related to their U.S. exports.

Resources:

Decorative Hardwoods Association® (formerly HPVA) eNews Volume XI, Issue XIII: Coalition Requests Circumvention Determination | U.S. Hits China With Tariffs On $200B | This Year's Most Popular Bath Design Trends | U.S. Furniture Orders Soar | Construction Spending Rises |The Housing Market's New Normal | U.S. Homes Hit Highest Listing Price Ever