The U.S. Secretary of Commerce confirmed that tariffs on Canada and Mexico will take effect on March 4, and the rates may change. Trump is expected to increase tariffs on China unless China stops trafficking fentanyl. This policy will affect the timber market, especially the import timber supply chain to China.
President Trump has ordered the Commerce Department to investigate the impact of lumber imports on national security, which could lead to the implementation of new tariffs. The investigation will assess the dumping of lumber from several countries, including Canada, Germany and Brazil. Expert analysis predicts that this will have an immediate impact on the North American lumber supply chain and could change the purchasing patterns of Chinese buyers.
President Trump orders investigation into lumber imports in response to tariffs Read More »
The US Department of Commerce issued the sixth preliminary anti-dumping ruling on Canadian softwood products. Although it does not affect the current tax rate, it may cause fluctuations in the supply chain. Chinese importers may turn to Russian timber and need to pay attention to CME futures prices and logistics costs. It is recommended to adjust inventory strategies and be wary of future trade barriers.
President Trump announced that tariffs will be imposed on Canada, Mexico and China on March 4, which may affect the global lumber supply chain, especially lumber imports to the Chinese market. Tariffs may lead to supply constraints and changes in demand patterns, so it is recommended to pay attention to related procurement strategies and inventory management.
An explosion occurred at Weyerhaeuser Company's MDF plant in Montana, USA. The plant supplies North American imported medium-density fiberboard of 12% to China, which is expected to cause short-term price fluctuations and supply chain adjustments.
Western Forest Products (WFP) recently announced plans to reduce production at its British Columbia sawmills by approximately 30 million board feet during the fourth quarter of 2024. The production adjustment will occur between October and December.
The U.S. Department of Commerce (DOC) recently announced a reduction in anti-dumping tariffs on some cork products imported from Canada. This adjustment will take effect on September 24, 2024 and has been published in the Federal Register. This move is expected to have an impact on U.S.-Canada and international timber trade.
The U.S. Department of Commerce (DOC) has published new anti-dumping and countervailing duty rates on imported Canadian softwood lumber products in the Federal Register. The finalized rates from the fifth administrative review will take effect on August 19, 2024, and the overall tariff level will increase from the previous 8.05% to 14.54%.
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