U.S. and China reach “phase one” trade deal

Chinese wood products will continue to face 25% tariffs, according to a phase one trade agreement reached Friday between China and U.S. According to a statement by the United States Trade Representative, some $250 billion in Chinese-made goods will continue to face tariffs of 25%. This third round of tariffs,…

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Roundwood prices in Estonia impacted by the bark beetle infestation in Central Europe and global economic downturn

Roundwood prices in Estonia started to fall rapidly from their spring high. A new report by the Estonian Public Broadcasting news service (ERR) describes the situation as serious, after interviewing several Estonian industry insiders. To be blamed is a cooling of the global economy and widespread damage to spruce trees caused…

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