TARIFFS, TRADE WARS, AND
TARIFFS, TRADE WARS, AND YOU - Continued from page 1 only includes one month of trade at the full tariff rate. Figure 1 gold as tariffs on hardwood products were red as tariffs go into full effect in drop down by a total value of 4,500,023 logs Fig. 1: US Hardwood Lumber Exports to China (m3) tariffs targeting the Chinese woodworking and furniture industry were announced, 50% less by Fig. 4: Quarterly Exports of Lumber since Trade War Fig. 5 500 450 400 350 300 250 200 150 100 (in board feet), along with the percentage change 50 0 Red Oak Ash White Oak Cherry Western Red Alder Yellow Poplar Walnut Maple Other Temperate 2014 2015 2016 2017 2018 2019 212.6 million board feet in European Union: 72 million bf SE Asia: 130 million bf liriodendron tulipefera Is it just the Tariffs? larger economic and political factors as well as a broad sense of uncertainty in the Earlier this year, China reported their weakest level of economic growth in 27 - China allowed their currency to fall below an exchange rate of 7 to 1 against the Source: USDA GATS Trade Data Continued on page 14 Fig. 3: Volume drop of China put into perspective Page 4 Import/Export Wood Purchasing News October/November 2019
‘Beyond Reliable’: Tilo Industries Serves Global Markets with Quality Hardwood Lumber, Flooring and Components Lewisburg, Pennsylvania feet annually in a variety of hardwoods – both imports and domestic species – and markets a long list of products and services, including: lumber; solid moulding and millwork; radius mouldings; hardwood components and blanks; edge glued and laminated - from the ground up with only the - ings were the bread and butter of customers began asking for solid the beginning of what has become a - Industries has grown into a has experienced growth due to owner heavily into the company by pur- a planer manufactured by Costa; a Continued on page 15 By Michelle Keller Specializing in American Black Walnut 4/4 through 20/4 Council Bluffs, IA 712-325-9191 Larry Mether larrym@midwestwalnut.com Heather Ahearns heathera@midwestwalnut.com Tim Yoder (pictured foreground), president of Tilo Industries, and Lois Yoder established Yoders’ re-investment in the company since its founding. “We put emphasis on quality and integrity in both our products and our people that produce them. Recognized for our prompt customer service, custom capabilities, attention to detail, realistic lead times, Tilo endeavors to be ‘Beyond Reliable’ in all its operations. Tilo is a value-oriented company, which strives to offer high quality products at reasonable prices.” Linus Yoder, Plant Operations Manager, Tilo Industries Willow Springs, MO 417-469-0640 Scott Wood scottw@midwestwalnut.com Darrel Thornton darrelt@midwestwalnut.com Perris, CA 951-538-4720 Diane Johnston Dennis Johnston dianej@goldenstatereload.com This is a solid Cherry door crafted by Tilo Industries. Exporting 60 years to 22 plus countries WWW.MIDWESTWALNUT.COM since 1929 Import/Export Wood Purchasing News August/September 2019 Page 5
