China Halts Tariffs On North American Hardwoods
China announced it would remove tariffs for some types of hardwood logs and lumber for one year, beginning February 28. China prefers to use raw materials from other countries as it rebuilds its own forests, and, as the largest wood product exporter in the world, needs to reduce costs on incoming raw materials.
Resources:
- Woodworking Network: China halts tariffs on North American hardwoods
- Fordaq: China halts tariffs on U.S. hardwoods