Brazilian exporters race to beat U.S. deadline as 50% tariff threatens wood trade

Brazilian timber exporters are rushing to ship hundreds of containers to the United States before August 6, when a new 50% tariff on plywood and lumber imports is set to take effect. The last-minute surge comes as industry groups warn the measure could severely disrupt trade, cut jobs, and force plant closures across Brazil’s wood processing sector. The U.S. tariff, announced under a presidential order, includes a 40% ad-valorem duty that will apply to a broad range of processed wood products from Brazil starting August 6, in addition to an existing 10% tariff introduced earlier ...