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China trade war triggers closings, layoffs at US hardwood lumber mills

from CNBC

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. more


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