The Hardwood Federation announced that resolving the ongoing trade disputes between China and the U.S. will be a “top issue” for its Sept. 11–13 board meeting and fly-in in Washington D.C.
In a statement, the federation noted its continued concerns regarding the trade war after China threatened 25 percent tariffs on U.S. hardwood and softwood last week. The new threat could include 25 percent duties on oak, 20 percent on cherry and ash and 5 percent on poplar, maple and other hardwood lumber, according to the Federation.
“To date, the Hardwood Federation team has focused on communicating to the [Trump] administration and to members of Congress that they must move quickly to resolve the trade impasse and reach agreement with all our trading partners in order to ensure stability in the marketplace,” the Hardwood Federation stated.
It also stated that it has found the “vast majority” of Congressional offices have been sympathetic to its concerns about the dispute and have made efforts to communicate them to the administration.
“However, the Trump team does seem very set on this strategy and there is no indication of any change at this point,” the Federation added.
The Hardwood Federation has been seeking input on how the ongoing trade war has been impacting hardwood industries. Those interested can share their experience here.
Related:
Trade War Escalates: China Threatens 25 Percent Tariffs on U.S. Hardwood
Trump Administration Proposes 10 Percent Tariffs on Chinese Wood Flooring
