Hardwood Producers Brace for Tariffs in 2025
On the international trade front, many in the forest products industry – hardwood producers in particular – are very concerned about what will happen with export markets as President-Elect Donald Trump takes office. During his election campaign, Trump promised to impose tariffs of at least 60% on Chinese goods, 25% on Canada and Mexico, and 10-20% on other countries. The last time Trump was in office, he imposed hefty tariffs on Chinese goods. China retaliated with their own tariffs on US hardwood products destined for markets there.
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