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U.S. Hardwood Lumber Industry Hit Hard By Trade War

U.S. Hardwood Lumber Industry Hit Hard By Trade War

POSTED ONOctober 30, 201 AUTHOR DHA

Original Source :https://www.decorativehardwoods.org/news/us-hardwood-lumber-industry-hit-hard?utm_source=enews&utm_medium=email&utm_campaign=10-31-19

Chinese tariffs on red oak, walnut, and other hardwood lumber have resulted in steep losses: nearly 50% of total industry revenue since 2017. The largest North American supplier of hardwood is closing its Washington sawmill, laying off all 70 employees, and closing another mill in Virginia.

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