US tariff reset gives Brazilian timber a partial route back into the market

Brazilian timber is finding its way back into the US market after a run of tariff reversals in Washington — though only in parts, and on terms that remain uncertain. The latest step is a temporary tariff of up to 15% under Section 122 of the Trade Act of 1974, a provision that allows duties to be imposed for up to 150 days without Congressional approval. It follows a series of rapid adjustments that have seen tariff levels move between 10% and 40% in a matter of months. Not long ago, duties of around 40% had effectively shut Brazilian ...