Trade war affecting lumber sales

By | 2019-09-09T09:44:20+00:00 September 5th, 2019|

The US and China have been at loggerheads with the ongoing trade war. While most of the headlines have been about the impact of the trade war on big companies such as Apple, Google and Huawei, the lumber industry in the US has also been negatively impacted by the trade war.

According to a report by CNN Business, tariffs have cost the industry close to half a billion USD in the last year. Sawmills in the US are bracing themselves for more tariffs in the upcoming trade talks. Sawmill employees will bear the brunt should China impose additional tariffs.

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The US lumber industry has been negatively impacted by the ongoing trade war. Image credit: CNN Business