Finnish forestry exports and Trump

By Matthew Schilke
Maaseudun Tulevaisuus in YLE
November 11, 2024
Category: Business & Politics
Region: International

Rural-focused newspaper Maaseudun Tulevaisuus writes that Donald Trump’s re-election raises questions for Finland’s forestry industry, particularly regarding his proposals to boost American manufacturing and impose broad import tariffs. Trump’s campaign included a general 10 percent tariff on imports… Finland’s major forestry players — UPM, Stora Enso, and Metsä Group’s Metsä Board — remain cautious, with all three declining to speculate on potential impacts. Timo Tolonen of the lobby group Finnish Forest Industries emphasised that any significant change will happen over time…”It’s too early to judge at this stage. As an industry, we support free trade and measures that do not lead to protectionism, ensuring a level playing field for industry,” Tolonen told MT. Currently, Finland exports forestry products worth one billion euros annually to the US, accounting for over eight percent of the country’s total forestry exports.

Read More