Brazilian timber exports to the US plunge 55% after new tariffs, triggering production cuts and growing risk of layoffs

Brazilian exports of wood products to the United States have fallen by an average of 55% in the three months following the introduction of a 50% tariff on mechanically processed wood, according to a new analysis by the Brazilian Association of Mechanically Processed Wood Industry (Abimci). The association’s review of SECEX/MDIC data, released on November 6, shows that the sharp decline in shipments between August and October is now reverberating through the country’s largest wood-producing regions, forcing producers to scale back operations and confronting the sector with the threat of further job losses. The United ...