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Detailed text transcripts for TV channel - CNN - 20190523:10:51:00 - Vimarsana News

Detailed text transcripts for TV channel - CNN - 20190523:10:51:00

Irreparable it is. >> reporter: china is u.s. lumber's 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 we'll recover. if this stays on for six, nine, 12 months and beyond, there are parts of the industry that i think won't recover. >> reporter: sales to china are falling at bailey lumber, one of the largest hardwood suppliers in the u.s. they haven't had lay-offs yet, but workers have felt the pain in other ways. >> it affects people who own land and trees all t...

Detailed text transcripts for TV channel - CNN - 20190523:10:50:00 - Vimarsana News

Detailed text transcripts for TV channel - CNN - 20190523:10:50:00

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: that's right, john. the lumber industry has been cut by nearly 40% in just the last year because of tariffs. that's 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 go into effect in just a matter of days. usually this blumber would be o its way to china, but not ...