Tariff Troubles in Timber Industry
By Brooks Mendell
Louisiana Forestry Association
What is the role of tariffs — taxes placed on imported goods or services?
Countries use tariffs to restrict trade, to protect domestic industries, to raise revenue, to achieve something. In the current situation with China, the trade war attempted to, among other things, improve protections on U.S. intellectual property. Based on available data, how have tariffs with China affected the U.S. economy and the forest products industry?