The NZ product exempt from new US tariffs – for now

The NZ product exempt from new US tariffs – for now
Timber is exempt from the US tariffs for now. (Image: Stephen Parker)
Riley Kennedy
The New Zealand timber export industry has been able to breathe a sigh of relief after being exempted from the United States’ new tariff regime for now.While more than half of New Zealand’s timber and lumber exports are sent to China, the United States market is considered a growth market, with exports of radiata pine products last year worth $358 million, an increase of $128m since 2019.It accounts for 6% of all exported forestry – making it NZ’s third largest market – behind China at 57% and Australia at 9%.Lowes...

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