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BEIJING — China countered President Trump’s across-the-board tariffs on Chinese products with tariffs on select U.S. imports Tuesday, as well as announcing an antitrust investigation into Google. The Chinese response was “measured,” said John Gong, a professor at the University of International Business and Economics in Beijing. “I don’t think they want the trade war escalating,” he said. …This time, analysts said, China is much better prepared to counter, with the government announcing a slew of measures that cut across different sectors of the economy, from energy to individual U.S. companies. China said it would implement a 15% tariff on coal and liquefied natural gas products as well as a 10% tariff on crude oil. …China also announced export controls on several elements critical to the production of modern high-tech products. “A risk is that this is the beginning of a tit-for-tat trade war,” Stephen Dover of Franklin Templeton said.

While Donald Trump has yet to act on his multiple tariff threats, it’s likely he will. So the fear lingers that the US president’s aggressive trade posture will sow global disorder, depressing growth and roiling markets, particularly if targeted nations retaliate. But retaliation is not the only or even the most likely response to Trump, no matter how broadly he finally delivers on his threats. The US has wielded tariffs as a weapon for eight years now. …Some nations retaliated; others offered concessions or challenged them before global trade arbiters. But most just quietly moved on, seeking trade with countries other than the US. Since 2017, trade has held more or less steady at just under 60% of global GDP. But there’s been a decline in the US share of trade flows offset by an increase in other regions. Trump 2.0 seems likely to bring more of the same: trade without America.
RUSS TAYLOR GLOBAL is pleased to provide the latest quarterly report from the 
Don’t miss these headlines and more in the February Market News and Insights:
This research concerned the possible use of waste poppy straw as an alternative source for producing lignocellulosic materials. The suitability of the materials for paper products and particleboard was determined based on the selected properties measured. While poppy-based particleboards need further optimization to match wood fibres, they show comparable properties to agricultural residues. Future research should focus on improving resin types and pressing conditions to enhance performance. From the point of view of paper products, poppy pulp produced by the pulping process has better properties than nitrate-alkaline pulp. …Therefore, both applications of waste poppy appear to be alternative raw materials in the future, especially in the case of wood scarcity, which can ensure the continuity of production and composite materials in an economically advantageous and more environmentally friendly way. Using poppy straw has environmental benefits such as reducing deforestation and the carbon footprint…

An international survey of frogs and toads has revealed that global warming and drought are more likely to affect the animals in the Amazon and Atlantic Rainforests. The
Nearly half of the global boreal forests — spanning Canada, Alaska and Siberia — are undergoing major transitions due to climate change, making them increasingly vulnerable to forest fires and altering their role as a key carbon sink, a new study has revealed. These forests are vast and found in the cold, northern regions. However, they are warming four times faster than the global average and are expected to shift into a new ecological regime. This transformation could impact global climate regulation by triggering biome shifts and changes in tree cover dynamics, according to the study published in the journal 
Global deforestation rates have declined, but forests remain under significant pressure. Rising demands for forest products and climate-related challenges have led to calls for better conservation measures. The European Union had 160 million hectares of forest in 2022, covering 39 per cent of its land, an increase of 8.3 million hectares since 2000. The largest forest areas are in Sweden, Finland, and Spain. According to the European Environment Agency (EEA), the EU’s average forest connectivity, a crucial indicator for supporting biodiversity, was 80.6 per cent in 2021, a slight decline of 0.8 per cent compared to 2018. Larger forest areas, such as those in Slovenia, Romania, Finland, and Sweden, contribute significantly to higher connectivity, while smaller fragmented forests rely on forest strips to maintain connectivity. …Initiatives such as the Nature Restoration regulation, forest and biodiversity strategies for 2030, and a pledge to plant three billion trees by 2030, aim to enhance connectivity.
As institutional interest in real asset investing grows, forestry is gaining recognition beyond its core enthusiasts for its ability to produce income and capital growth, alongside added benefits like carbon sequestration and biodiversity protection. However, trust in sustainability-focused investments remains a challenge. In EY’s 2024 Institutional Investor Survey, 85% of respondents said misleading claims about sustainability are more of a problem today than five years ago, despite regulators’ efforts to quash exaggerated ESG statements. …A persistent narrative is that established timberlands are better, safer investments than new greenfield developments. The truth is more nuanced. Greenfield projects, which involve reforesting degraded or underused land, offer an opportunity to achieve ‘additionality’ – a crucial component of effective carbon sequestration. …For forestry investors, the upshot is clear: regulatory uncertainty is currently a barrier to restoring widespread trust in carbon markets, and resolving this will take time.
To formally pull the United States out of the Paris Agreement, the Trump administration will need to formally submit a withdrawal letter to the United Nations, which administers the pact. The withdrawal would become official one year after the submission. The formal withdrawal of the United States and subsequent changes to agreements under the UN Framework Convention on Climate Change cannot be transmitted to the United Nations until President Trump’s nominee to be US Ambassador to the UN, Rep. Elise Stefanik (R-NY), is confirmed by the Senate. …The withdrawal raises key questions about the future of the voluntary carbon market (VCM), particularly in light of the Paris Climate Accords’ role in driving offset demand. …Without the federal endorsement of climate goals, corporate strategies might shift away from investing in carbon offsets, diminishing demand for carbon credits. Furthermore, uncertainty surrounding federal support could delay or derail the development of new VCM projects.
Green campaigners fear ministers are poised to award billions of pounds in fresh subsidies to Drax power station, despite strong concerns that burning trees to produce electricity is bad for the environment. Drax burns wood to generate about 8% of the UK’s “green” power, and 4% of overall electricity. This is classed as “low-carbon” because the harvested trees are replaced by others that take up carbon from the atmosphere as they grow. But many studies have shown that wood burning harms the environment, by destroying forests, and because of the decades-long time lag between the immediate release of carbon dioxide CO2 from burning and the growth to maturity of replacement trees. Drax currently receives billions of pounds in subsidies from energy bill payers, at the rate of about £2m a day according to Greenpeace, but these are scheduled to run out in 2027. A government decision to continue the support payments beyond the cut-off could come on Monday.
Swedes and Finns have long monetized their forests. EU climate goals — seen as a threat to both family wealth and the two national economies — are fast becoming a lightning rod for anger. …In Sweden and neighboring Finland, forestry is, to all intents and purposes, a retail asset class. In Sweden, some 300,000 people own, in total, half of the country’s forests. In Finland, 60% of forests belong to 600,000 individuals. Owners like Velander have been able to work their land with relatively light regulations, generally free to harvest trees when and as they chose. The way these small forest owners traditionally manage their land is, they contend, also good for the climate. But this approach, along with their investments, is under threat from a growing number of European Union regulations aimed at protecting biodiversity and reducing the bloc’s carbon emissions. In Sweden and Finland these measures have been interpreted as a potential ban on logging. [to access the full story a Bloomberg subscription is required]
A forest twice the size of Greater London would need to be planted in the UK to cancel out the extra emissions from the expansion of Heathrow, Gatwick and Luton airports, Carbon Brief analysis reveals. New runaways at these airports surrounding London would result in cumulative emissions of around 92m tonnes of extra carbon dioxide equivalent (CO2e) by 2050, if the number of flights increases in line with their operating company targets. For example, offsetting these emissions would require more than 300,000 hectares of trees to be planted within just a few years. This equates to all the trees planted in the UK since 2000… Reeves has stressed that “sustainable aviation fuels” (SAFs) and electric planes could help to offset these emissions. However, such technologies are still in the early stages of deployment and previous Carbon Brief analysis suggests the role of SAFs in achieving net-zero may be limited.
The UK should stop burning wood to generate power because it is not needed to meet the government’s target of decarbonising the electricity sector by 2030, according to analysis. Ed Miliband, the energy security and net zero secretary, is expected to make a decision soon on whether to allow billions of pounds in new public subsidies for biomass burning, despite fierce opposition from green groups. Campaigners have amassed years of evidence of how much destruction burning wood causes to forests and wildlife around the world, and argue that it is not “carbon neutral” because regrowing trees takes decades to make up for the carbon emitted when burned. But ministers were thought to be reluctant to let go of the capacity for baseload power generation that biomass represents. Biomass makes up roughly 4% of the UK’s total electricity generation, and about 8% of “green” power generation, most of it coming from Drax.
A research team led by the University of Oxford has carried out the most comprehensive assessment to date of how logging and conversion to oil palm plantations affect tropical forest ecosystems. The results demonstrate that these have significantly different and cumulative environmental impacts – and that logged forests should not be immediately ‘written off’ for conversion to oil palm plantations. The findings have been published in
A new study by US researchers in Science shows using new, CO2-capturing concrete and other substances instead of traditional building materials could reduce global carbon dioxide emissions by more than 16 billion tonnes. …Alternatives suggested include mixing carbon-sucking substances from the earth, such as dunite, with concrete, using wood-based materials in bricks, and swapping out asphalt bitumen for bio-oil. Experts believe New Zealand has the right raw materials – such as dunite and wood – to switch out its building materials that store CO2. …Diego Elustondo of the Crown-owned wood science company Scion said the premise of the paper was promising but it appeared to favour storing carbon in masonry materials at the expense of wood-based alternatives. He said the comparison should have considered wood-based materials which were at the same stage of development as other future materials mentioned in the paper.
Here is some of the latest climate research:
The Irish government’s COFORD Council for Forest Research and Development has published a paper that recommends future policies to support an expanded role of forest-based biomass. The paper, entitled “
…Endless hours in front of devices are quietly rewriting the blueprint of childhood, reshaping the way that young people think, interact, develop, and experience the world. Young people today spend between 5 and 9 hours staring at screens, but less than 10 minutes a day enjoying time playing in nature. The result? Rising rates of anxiety, body image dissatisfaction, reduced attention spans, waning creativity, and sleepless nights. Brain scans show kids glued to screens experience premature thinning in the prefrontal cortex—the brain’s control centre for impulse control, attention, emotional regulation, and decision-making. …But there is a solution… The antidote is far simpler than reducing screen time. It’s the original technology: nature. …One movement helping to lead this reconnection is the forest school. Forest schools are built on a simple but radical idea: the best classroom doesn’t have walls. Here, nature is a teacher.