U.S. Commerce Department reduces tariff on Canadian paper used by newspapers
Source: Syracuse.com, via New York Upstate
U.S. Commerce Department reduces tariff on Canadian paper used by newspapers
Updated 1:15 PM; Posted 12:22 PM
By Mark Weiner mweiner@syracuse.com
syracuse.com
WASHINGTON -- The U.S. Commerce Department on Thursday said it would make permanent, but also reduce, tariffs on Canadian paper used by the newspaper and publishing industry. (1) ... The tariffs, which had been as high as 22.16 percent, will be capped at 16.88 percent, the Commerce Department said. The tariffs are intended to help U.S. paper mills compete against Canadian producers accused of receiving government subsidies and selling their paper below cost to U.S. customers.
Only one of the Canadian companies accused of selling their paper below cost in the U.S. will face the anti-dumping duty -- Catalyst Paper Corp. -- set at 16.88 percent. ... But all Canadian mills will be subject to a separate tariff of up to 9.81 percent for receiving unfair government subsidies, the Commerce Department said.
The U.S. imposed the preliminary tariff in March on uncoated groundwood paper imported from Canadian mills and used as newsprint by the U.S. newspaper industry. ... Commerce Secretary Wilbur Ross said Thursday that the department would revise downward its preliminary ruling that Canada provides unfair subsidies of between 4.42 and 9.93 percent to its mills that produce the paper. The new rates will be between 0.82 and 9.81 percent. (2)
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The Commerce Department approved the preliminary tariff in response to a complaint from a single paper mill -- North Pacific Paper Co. in Washington state.
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(1) https://enforcement.trade.gov/download/factsheets/factsheet-canada-uncoated-groundwood-paper-ad-prelim-031318.pdf
(2) https://enforcement.trade.gov/download/factsheets/factsheet-canada-uncoated-groundwood-paper-ad-cvd-final-080218.pdf
Read more: https://www.newyorkupstate.com/news/2018/08/us_commerce_department_reduces_tariff_on_canadian_paper_used_by_newspapers.html
That paper mill is owned by a hedge fund.
David Fahrenthold Retweeted
https://twitter.com/Fahrenthold
Newspapers have already laid off workers bc of the 30% tariff on Canadian newsprint. One paper calls it 'a massive new tax that punishes private businesses and disproportionately harms rural Americans.' https://www.wisconsinrapidstribune.com/story/opinion/columnists/2018/07/06/newsprint-tariffs-force-layoffs-print-editions-
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Another blow to newspapers: The Trump administration finalized tariffs on Canadian newsprint, siding with a hedge fund-owned paper mill over newspapers across the country. https://enforcement.trade.gov/download/factsheets/factsheet-canada-uncoated-groundwood-paper-ad-cvd-final-080218.pdf ...
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Another attempt to silence the press. This man is anti-American.
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= new reply since forum marked as read
Link: https://paperonweb.com/USA.htm
More overall perspectives here (from April):
Tariffs On Canadian Newsprint Choke Already Troubled American Papers
Link: https://www.npr.org/2018/04/19/604119804/recent-tariffs-on-canadian-newsprint-are-hurting-u-s-papers-could-trigger-job-cu
(snip)
"I think it's pretty clear that the predominant challenge out there isn't about imports; it's about declining demand," says Pitts.
IMO, this move is cronyism at it's worse considering it was only on behalf of one US mill. It unfairly punishes one of our closest allies and retaliation will be firm. Probably will cause a net loss of jobs in the USA.
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