معظم الأرضيات الخشبية المستوردة, أرضيات هندسية, solid wood flooring and plywood were not subject to tariffs previously, thanks to the provisions of Section 232 of the Trade Expansion Act. This clause is a part of the US law, allowing the president to impose tariffs or take other restrictions on imported goods that may harm US national security. However, since October 14th, the US has implemented “reciprocal tariffs” on these product categories, with the highest rate reaching 20%, and the specific rate depends on the exporting country.
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Future tariffs on Wood imports
The tariff dispute between China and the Trump administration may lead to the imposition of tariffs on timber imports in the future. The recent tariff increase might just be the beginning, as the trade tensions between the two countries are still intensifying.
McGurn said: “This is a situation that we are closely monitoring. China still leads in skilled labor. Its efficiency is also higher than that of Vietnam. China has more ports and it is easier to access. In short, they need us and we need them, so I believe that our respective governments will properly resolve this issue.”
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