NEWS

Last week, the Department of Commerce issued affirmative determinations in the sunset review of both antidumping and countervailing duties on hardwood plywood and multilayered wood flooring from China. The two rulings represent critical steps in maintaining the duties for another five years and support the positions of the Coalition for Fair Trade in Hardwood Plywood and the American Manufacturers of Multilayered Wood Flooring. Both coalitions include DHA members. The U.S.

Decorative Hardwoods Association (formerly HPVA) eNews Volume XVI, Issue VI: Court Upholds Section 301 Tariffs On China | U.S. Imports Of Hardwood Plywood Plummet | U.S.

An early U.S. president had a home with "forest" in the title. Who was the president, what is the full name of the home, and where is it located?

Answer:  Thomas Jefferson’s second home “Poplar Forest” is located in Bedford County, Virginia. 

Resource:

Wikipedia: Poplar Forest

Photo © Warfieldian

Vietnam's exports of wood and wood products, including furniture, dropped by 34.8% in January and February vs. the same months last year. The decrease was driven by lower demand.

Resource:

Furniture Today: Vietnam’s wood, furniture exports plunge 34%

Photo © duybox 123rf.com

Last year, the U.S. and EU restricted trade with Russia. In the face of those restrictions, the timber relationship between China and Russia grew stronger. Economic indicators—including a very small decrease in tariffs—suggest that China's economy may focus more on consumption than investment. Due to these factors and more, expect greater uncertainty in the global wood products market in 2023.

Resource: