White House’s approach to tariffs may bring serious consequences
As a result of the Trump Administration’s reckless tariff policies, America’s hardwood industry has faced a range of consequences, including lost revenues, cancelled orders and the high costs of diverting shipments already in route to China. The 125% tariffs that China applied to U.S. imports in response to the staggering 145% tariffs that the Trump administration placed on Chinese goods on April 2 jolted hardwood producers. Immediately, some hardwood prices plummeted, and many lumber processors halted purchases from sawmills, leaving those mills with limited outlets for their ...