China announced it will halt tariffs on some U.S. hardwood lumber imports for one year, according to Fordaq. The delay went into effect Feb. 28 and will end Feb. 27, 2021, according to China’s State Council Tariff Commission.
The pause on tariffs for North American hardwoods comes one month after the U.S. and China entered “Phase One” of a trade agreement. The two countries have been in a trade war that has impacted the hardwood flooring industry since 2018.
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