Trade War Impacts Furniture Imports and Exports

In the first nine months of 2019, the tariff-based trade war between China and the U.S. resulted in a $53 billion decline in Chinese furniture imports and a $14.5 billion fall in U.S. exports, according to recently released trade data. The decrease in U.S. exports is a 15.5% drop from 2018, compared to a 13.5% decrease for Chinese imports. While exports from China dropped, Taiwan, Vietnam and Malaysia saw large gains in furniture exports to the U.S. See Woodworking Network



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