Lumber is one of the commodities targeted in China’s proposed reprising tariffs on the U.S.

08-08-2018
Lumber,China,tariffs

In retribution for planned tariffs introduced and enforced by the Trump Administration in the United States (U.S.), China has indicated that they would like to slap a new round of tariffs on the goods and products it brings in from the U.S. – all US$60 billion, according to Fortune.

Laminated wood all the way to oak has been caught in the escalating trade war between the U.S. and China, where the U.S. Half of hardwood produced is exported, with the lion’s share going to China.

“This could be, I don’t want to say ‘catastrophic’, but very, very painful for the industry,” Michael Snow, executive director of the American Hardwood Export Council (AHEC), based in Virginia, U.S., said to Fortune.