US President Trump announced a 30-day suspension of lumber import tariffs on Canada and Mexico. This decision will affect the price stability and supply chain risks of the lumber market, which is particularly important for Chinese importers.
Southeast Timber Products invested $120 million to expand its sawmill, increasing annual production from 120 million board feet to 300 million board feet, which is expected to provide Chinese timber importers with a more stable supply chain and reduce the risk of price fluctuations.
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