NEWS

In April 2020, the U.S. International Trade Commission found injury to the U.S. kitchen cabinet industry, establishing duties of 70% on imports of cabinets and vanities from China. According to MasterBrand, some importers are evading those duties by transshipping cabinets through Malaysia, Vietnam, and Indonesia.

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Facing soaring U.S. lumber prices, U.S. importers are competing for - and winning - wood from Europe. The buying frenzy follows record American imports of forest products from Europe in 2020, when North American demand soared and caught sawmills off guard with low inventory. Lumber prices have quadrupled in just one year.

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Decorative Hardwoods Association (formerly HPVA) eNews Volume XIV, Issue X: China's Wood Flooring Trade Falls | EU Eases Restrictions On U.S. Maple Veneer | U.S. Reverses Decision On Vietnam As A Currency Manipulator | Vietnam Overtakes China As Biggest Exporter Of Furniture To U.S. | China's Plywood Production Capacity Continues To Grow
 

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Lumber costs for a new single-family home in the U.S. have tripled. Now, home builders are pushing the Biden administration for a new softwood deal with Canada. Under the current agreement, the U.S. imposes duties of nearly 9% on imports of most Canadian lumber.

U.S. lumber companies are continuing to expand capacity as wood prices reach record highs.

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