RANDOM LENGTHS: Steeper tariffs expected to stifle exports to China
EUGENE, OR, May 13, 2019 (Through a Knothole) -U.S. exports of Southern Pine and most other species of softwood lumber, panels, and logs to China are subject to tariffs ranging from 20-25%, effective late last week, as the ongoing U.S.-China trade war escalated.
The Chinese government imposed the steeper tariffs in retaliation to President Trump’s move to expand the depth and scope of U.S. tariffs on Chinese imports after last week’s negotiations failed to render a trade pact.
Last September, the U.S. imposed a 10% tax on imports of roughly $200 billion worth of Chinese goods, including softwood lumber. Earlier this month, ...