NEWS

In the first quarter of 2020, China's gross domestic product dropped 6.8% vs. a year ago, registering the worst performance since official reports of quarterly GDP began in 1992. China's general manufacturing index rebounded from a record low of 40.3 in February to 50.1 in March.

Resource:

Canada Wood Today: China Economic Update 2020 Q1

Decorative Hardwoods Association (formerly HPVA) eNews Volume XIII, Issue IX: SBA Accepts More Applications For Paycheck Protection Program | Furniture Importers Fined $5.2 Million For Evading Customs Duties | U.S. Delays Many Tariff Payments | USTR Excludes Some Chinese Cabinets From Tariffs | S. Korea May Impose Antidumping Duties On Plywood From Vietnam

After 67 years, the Malloy family has decided to sell Idaho Veneer Company in Post Falls, ID. The site, originally in the middle of farmland, is now in what is considered to be the center of downtown Post Falls.

Resource:

Idaho Veneer Announcement (PDF)

Photo © Google

On April 17, the EPA announced that composite wood panels regulated under TSCA Title VI for formaldehyde emissions will be exempt from the cost-sharing requirements for EPA's risk characterization of formaldehyde.

Photo © Capital Testing (Formerly HPVA Laboratories®)

The United States Trade Representative has announced more tariff exclusions on Chinese products, including glass-fronted wood cabinets with specific dimensions.

Resource:

Woodworking Network: USTR excludes more Chinese products from tariffs, including cabinets