The People’s Republic of China has announced that starting on February 28th, 2020 and lasting for the period of one year, tariffs will be removed on certain U.S. and Canadian hardwood lumber. Included in the list are cherry, ash, oak and other lumber and logs. The National Hardwood Lumber Association (NHLA) in a note to its membership noted that “Work is underway to define exactly what that will mean for these products and what the definite tariff rate will be moving forward.” The NHLA noted it would likely not have additional information for another few days.
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China halts tariffs on North American hardwoods