NEWS

China's imports of logs and lumber dropped by 50% between Q4 2021 and Q1 2022. China's weak economy in Q1 was due to COVID-related shutdowns. Imports from Russia to China fell significantly, from 800,000 cubic meters in Q4 to a paltry 80,000 cubic meters in Q1.

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After a ruling that overturned the previous finding that cabinets from Vietnam are circumventing duties, the cabinet industry, backed by Congress, urged the Department of Commerce to give "full and fair consideration" to their claims. In their August 1 letter to Secretary Gina Raimondo, members of Congress asked her to "use all existing trade remedy laws to their fullest extent in order to fight back against China's unfair trade practices."

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Decorative Hardwoods Association (formerly HPVA) eNews Volume XV, Issue XV: Hardwood Plywood From Vietnam Circumvents Duties, Says Commerce | Sales Of Kitchen Cabinets Rise In June | UK Issues Import Warning On Birch Plywood From The Far East | Cambodia & Vietnam Pass China As Sources Of Engineered Wood Flooring

Do young forests or older forests capture more carbon dioxide from the atmosphere?

Answer: Young forests will likely have a higher rate of carbon capture rate than older stands.

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U.S. imports of engineered wood flooring have risen 31% by volume and 33% by value so far this year. Imports from Cambodia are up 26% to nearly 78 million square feet and imports from Vietnam have jumped 49% to nearly 96 million square feet, while imports of engineered wood flooring from China fell 6%.

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