The latest tariffs in a series of economic barriers erected by American President Donald Trump will have a negative impact on Latvia's important timber and timber products sector. The new tariffs will affect Latvian woodworking companies – especially manufacturers of particleboard (Oriented Strand Boards, OSB), softwood boards, and birch plywood, Kristaps Klauss, vice president of the Latvian Woodworking Federation (LKF), told to Latvian media. According to him, Latvian woodworking companies present on the US market do not earn such large margins that they could swallow the new tariffs at current prices, so serious negotiations with US partners are ...
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