Source: Diana Olick, CNBC, 10/7/19


It is hard times for the U.S. hardwood lumber industry. The trade war with China has caused a steep drop in U.S. exports of the product, and now the industry is cutting jobs. China used to account for about half of all U.S. hardwood lumber exports, about $2 billion annually. The Trump administration’s 25% tariff cut through that demand. In the 12 months since tariffs on U.S. hardwood were announced in July of last year...

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