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May 23, 2019
Irreparable it is. >> reporter: china is u.s. lumbers biggest customer. tariffs cost the u.s. half a billion in just the last year. now as trade talks stall, sawmills brace for higher tariffs next month. >> this goes on for 30, 45 days well recover. if this stays on for six, nine, 12 months and beyond, there are parts of the industry that i think wont recover. >> reporter: sales to china are falling at bailey lumber, one of the largest hardwood suppliers in the u.s. they havent had lay-offs yet,...
May 23, 2019
As the trade war with china intensifi intensifies, the effects of soaring tariffs are making u.s. industries suffer more. cnn talked to lumber workers in upstate, no. this is a problem for the lumber industry. >> reporter: thats right, john. the lumber industry has been cut by nearly 40% in just the last year because of tariffs. thats causing saw mills across the country to make very difficult choices. we are here in new york at bailey lumber where they are bracing for new increased tariffs to g...