Impact of us tariff increase on timber market

From August 23, China will impose tariffs of 25 percent, 20 percent, 10 percent and 5 percent on 5,207 items of goods originally produced in the United States. A large number of wood products are included in the tariff list, such as oak logs, birch logs, spruce, larch, eucalyptus logs, white oak, red oak and Douglas pines.The industry was buzzing with controversy.Some market analysts believe that the tax on us timber will lead to a sharp rise in the cost of imports of us timber. Us timber, which always wins by virtue of cost performance, will gradually lose its competitive edge in the market and many us timber distributors will also be hit hard.However, the so-called several happy several worries.The declining competitiveness of American timber market will be an opportunity for timber like Russia and Europe. After all, Russian and European timber are similar to American timber in terms of material type and quality, and they can replace each other.In the future, the market development space of timber such as Russia and Europe is expected to be more promising-

December 25, 2023