DHA Insights: November 21, 2024

Author
DECORATIVE HARDWOODS ASSOCIATION

American voters gave Republicans a full sweep of the Presidency, the Senate, and the House of Representatives, albeit with narrow margins. This has important implications for policy in 2025. If Republicans can keep members united, they should be able to enact important tax changes including extending most of the provisions of the 2017 Tax Cuts and Jobs Act. In addition, expect the Trump administration and Congress to roll back onerous regulations and implement higher tariffs that are intended to help U.S. manufacturing.

We received great news from Europe last week when the European Parliament voted to delay EUDR by one year. The American Hardwood Export Council has been all over these regulations, highlighting the very low to no risk of deforestation in the U.S. and infeasible geolocation requirements. It looks like Europe is finally starting to understand and make needed changes.

If you have questions or comments, contact me. I look forward to hearing from you.


Keith A. Christman, President
Decorative Hardwoods Association