The trade war between the U.S. and China has not only resulted in higher costs for U.S. consumers, but has also affected U.S. exporters of forest products to China.
We surveyed more than 200 of our readers to find out how they are being affected by the tariffs. A total of 85 percent of survey respondents expect to raise prices in response.
- The current 10% tariff added to our previous 3.3% has resulted in an 11% drop in sales during our usual best months. If the threatened 25% comes into play we will virtually have to consider shutting down and laying off all our employees.
- Not much, our imports are a very small portion of things we buy. We are hoping the tariffs are extended to impact products that unfairly compete against us.
- Your clients will only pay so much for product. Domestic sources are still too expensive. There is a slow down of opportunities.
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