NEWS

U.S. imports of hardwood plywood increased 61% in value and 28% in volume through July. Volume from Indonesia, the top source of U.S. imports, rose by more than 39%, while imports from Vietnam, the second highest source, soared by 65%. Russia remains the third highest source. China, assessed with high antidumping duties, dropped to number ten.
 

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The Office of the U.S. Trade Representative reported that it will continue the Section 301 tariffs on Chinese goods, after numerous comments from domestic companies urging it to keep the tariffs in place. When the USTR receives requests to continue tariffs, Section 301 directs it to keep the tariffs in place while it conducts a more extensive review.

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Decorative Hardwoods Association (formerly HPVA) eNews Volume XV, Issue XVII: Forest Products Sector Opposes Universal Definition Of "Old Growth" | New Law Includes Funding For Wood & Other Carbon-Reducing Products | USFS Study Underscores Role Of Wood Products In Carbon Storage | Vietnam's Timber Exports To U.S., EU & UK Are Falling

What is the most common family of hardwood trees?

Answer:  The Holly Family

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Tree Secrets: What are the Most Common Hardwood Trees?

Vietnam's export timber orders to the U.S., EU, and the UK have fallen considerably, down 38% in June vs. last year, followed by a decline of 5.5% in July.  All three areas are experiencing high inflation, high interest rates, and higher freight costs. Another contributing factor is excessive retail inventory.

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