U.S. Timber Trade and Vietnam: Exploring the Impacts of the Trade War and Environmental Policies

Andrew Muhammad, Shamar Stewart and Md Deluair Hossen

Choices: The Magazine of Food, Farm, and Resource Issues, 2024, vol. 39, issue 03

Abstract: The United States supplies timber products such as logs and lumber to Asian manufacturers of finished wood products like furniture and flooring. A large share of these finished products is “reexported” to the United States or sold to other high-income countries. At the time of the 2018 trade war, the United States exported logs and lumber mostly to China and imported products like wooden furniture mostly from China (Muhammad and Jones, 2021; Jiang and Muhammad, 2024). Consequently, the tariffs imposed by the Trump administration on Chinese products indirectly decreased demand for raw materials from the United States, but the retaliatory tariffs that China then imposed on U.S. timber products decreased that demand even more. After the start of the trade war, U.S. log and lumber exports decreased by more than 25% from nearly $6.0 billion in 2018 to $4.5 billion in 2019. This overall decline was mostly due to export sales to China falling by over 40% (USDA, 2023). Consequently, U.S. timber companies are now eyeing other manufacturing hubs, like Vietnam, for export sales.

Keywords: International; Relations/Trade (search for similar items in EconPapers)
Date: 2024
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Journal Article: U.S. Timber Trade and Vietnam: Exploring the Impacts of the Trade War and Environmental Policies (2024)
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Persistent link: https://EconPapers.repec.org/RePEc:ags:aaeach:344757

DOI: 10.22004/ag.econ.344757

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