Page 12 - Georgia Forestry - Summer 2019
P. 12
LOGISTICS
Headwinds in Global and Domestic Markets
By Brady Hummel
At home and abroad, the forest products industry faces challenges to its future growth prospects from instability and changes in the market.
The Trump administration has imposed widespread tariffs on America’s trading partners importing raw materials and products from our country. Tariffs have a similar effect as a tax, so raising tariffs on imported goods increases costs to U.S. producers and consumers. These tariffs have affected the forest products industry and have shifted the outlook for its future. Exports of paper and wood products account for around 15 percent of the industry’s total annual sales1, and approximately 110,000 jobs at mill and logging operations , many of which are in Georgia, in the U.S. are supported by foreign demand for exports1.
15%
of industry,s Sales come from exports of paper & wood products
10 | GEORGIA FORESTRY
