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Effect of Chinese Import Tariff on the US Hardwood Export Market
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Description:
Tariffs placed on Chinese goods imported to the US would likely lead to retaliatory imposition of tariffs on US goods exported to China. Such tariffs would have catastrophic effects on the US hardwood lumber industry. The US exported $1.2 billion of sustainably sourced hardwood lumber to China in 2016 and is poised to exceed that in 2017. While the US manufactures significant amounts of both industrial and appearance grade hardwood lumber, the growing Chinese demand for higher-value appearance grade hardwood, which is used to produce household furniture and cabinetry, is particularly important to foster.
File Size:
466.81 Kb
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1169
File Author:
Clinton Gabbert and Joseph McNeel
Submitted On:
12 Feb 2018
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