world news - 19.11.2004
China: US modifies Tariffs on Imported Furniture
The US government has amended the proposed tariffs on bedroom furniture imported from China and this has been greeted as good news for consumers but not so good news for US furniture manufacturers.
Six of the nine punitive tariff levels set in June have been cut means that imports will still be competitively priced in the stores and this will put more pressure on US Manufacturers to become more competitive or move more production outside the US.
IHB Internationale Holzboerse GmbH
See also:
- — Germany: Disappointing Beech Auction
- — Timber Price Indices in UK
- — Russian timber sector increased production 2.9% in first 10 months of 2004
- — Germany: Sawmills benefit from Export
- — U.S. attempts last ditch appeal in softwood lumber dispute
