Newsprint Tariffs Eased

Edgar's picture

from The Panama City News-Herald The Trump administration eased back somewhat from its proposed tariffs on Canadian newsprint, which could further devastate newspapers, but the U.S. International Trade Commission, which has the final say, should kill the taxes entirely when it hears the matter later this month.

The case arose from a complaint by a lone Washington paper mill owned by a New York hedge fund. The North Pacific Paper Co. argued Canada was unfairly subsidizing its producers, allowing them to undercut American companies. In response, the Commerce Department implemented tariffs in January of up to 22% on Canadian imports. Newsprint is traditionally the second-largest cost for most publishers. During a time when print publications are struggling to meet the challenges of a digital market, the higher costs threaten to further drag down a variety of interests, particularly community newspapers, which play a vital role in keeping small-town and rural residents informed. In Thursday's announcement, the Trump administration revealed a handful of modifications. It will now spare two Canadian paper companies from the tariff while imposing a duty of 22% on another company. Remaining producers north of the border will face tariffs of up to 9.81%.

 

To read more please log in or subscribe to the digital edition http://www.etypeservices.com/Perryton%20HeraldID350/

Rate this article: 
No votes yet