Wood prices have plummeted by 23% since August, prompting industry giants to urgently slash production capacity, sounding alarm bells for the US economy.

According to the intelligence financial APP, reported by foreign media, since early August, lumber prices have plummeted by 23%; affected by the downturn in the construction industry and uncertainty surrounding tariffs, lumber processing factories are reducing production capacity one after another - this phenomenon is seen as a signal that the US economy may be facing risks.