🚨 Breaking News: Evolving Tariff Changes Impacting the Hardwood Industry
February 3, 2025
by NHLA
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| The U.S. has recently implemented new tariffs on imported goods, potentially affecting the hardwood industry’s supply chain, costs, and global competitiveness. NHLA and the Hardwood Federation are closely monitoring these developments. Here’s a concise overview: Key Details: New Tariffs: As of February 4, 2025, the U.S. has imposed a 25% tariff on imports from Canada and Mexico, and a 10% tariff on imports from China. Exemptions: Canadian oil, natural gas, and electricity are exempt from the 25% tariff but will face a 10% tax. Retaliatory Measures: Canada has announced retaliatory tariffs on U.S. goods, including hardwood and lumber products. Mexico has agreed to pause its tariffs for one month. China plans to file a formal dispute through the World Trade Organization and may take countermeasures. NHLA’s Response:The NHLA Market Impacts Committee will meet this Thursday to address these developments and strategize on mitigating potential impacts on members. Stay Informed: Follow NHLA through email, social media, and member platforms for real-time updates. Email: info@nhla.com Facebook: @NHLAOfficial Instagram: @nhla_official LinkedIn: National Hardwood Lumber Association YouTube: NHLA Official Remember: This is an evolving, rapidly changing situation. We will continue to advocate for your interests and keep you informed of critical updates as they happen. |
by NHLA
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