DHA Insights: December 5, 2024
President-elect Trump is shaking up the status quo with dramatic policy and personnel announcements. His recent announcements of 25% tariffs on goods from Canada and Mexico and an additional 10% on goods from China will affect our industry. While many in our industry would welcome additional tariffs on imports from China, the situation with Canada is a little less clear. Hardwoods harvested in the U.S. are often spliced in Canada before being exported to the U.S. We will watch the Canada issue closely and continue talks with members and allies.
Speaking of trade, U.S. imports of hardwood plywood continue to increase despite soft markets such as cabinets. Imports from Vietnam and Indonesia have grown rapidly in 2024.
If you have questions or comments, contact me. I look forward to hearing from you.
Keith A. Christman, President
Decorative Hardwoods Association
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