Wood tariffs are import taxes imposed by countries on wood products that are brought in from other nations. Tariffs on wood products can vary widely depending on the country, the type of wood, and the intended use of the wood. Here is an overview of wood tariffs worldwide:
- United States: The United States imposes tariffs on a range of wood products, including lumber, plywood, and furniture. In 2018, the Trump administration imposed a 20% tariff on Canadian softwood lumber, which has since been reduced to 9%.
- European Union: The European Union does not have a uniform tariff on wood products, as each member state sets its own tariff rates. However, the EU does have a common external tariff that applies to imports from countries outside the EU.
- Canada: Canada does not impose tariffs on wood products from other countries. However, the country does have export tariffs on certain types of wood, such as raw logs.
- China: China imposes tariffs on a wide range of wood products, including plywood, logs, and pulp. In 2018, China imposed a 5% tariff on imports of hardwood logs from the United States.
- Japan: Japan imposes tariffs on wood products, but the rates vary depending on the type of wood and the intended use of the wood. For example, Japan imposes a 2.7% tariff on imported plywood.
Overall, wood tariffs are complex and vary widely across countries and products. It is important for businesses involved in the wood products trade to stay up to date on tariff rates and regulations in different countries.