Trump Tariff Jacked Up U.S. Newsprint Prices
Last edited Tue Jun 12, 2018, 01:23 PM - Edit history (1)
June 12, 2018 at 1:20 pm EDT By Taegan Goddard
A single tariff benefiting one paper factory in Washington state could prompt the loss of thousands of U.S. newspaper jobs, the Philadelphia Inquirer reports.
The ripple effect started with One Rock Capital Partners, a New York private equity firm that bought a paper mill in Longview, Wash., and then petitioned the Trump commerce department for tariffs against Canadian paper. That one mill employs about 250 people.
The result? The equity firm won punishing newsprint tariffs that have pushed up newsprint prices by about 30 percent. Already newspapers around the U.S. have begun making thousands of layoffs.
Read more: https://politicalwire.com/2018/06/12/trump-tariff-jacked-up-u-s-newsprint-prices/
I get the sense they will go extinct in a decade or so.
A great way to keep people dumb is to attack any media critical of the Dictator in their pocketbooks.
This way it's not quite so obvious what the Dictator's goal really is, unlike w/outright censorship.
while creating a lot of anxiety among the staffs of the WaPo and NY Times and countless other papers. Some will lose their jobs or papers will have print fewer pages and/or do less in-depth reporting.
Weaker stories make it online.
I think this is too smart for Trump, actually. It's quite underhanded and tyrannically evil IMO, i.e., using the power of the presidency to hurt your critics. It smells like Bannon, or something Rove-like.
... Fox & Friends & Hannity and the National Enquirer.
All other news and discussion should be subject to prior censorship until approved to get through.
and logging rights in California way back in the day. No middle men.
That would be a win/win.
I'm trying to find the Canadian side of this.. I mean something is strange in two different dimensions - why aren't the other mills pushing the issue? And *IS* Canada doing something that gives their industry an unfair advantage?
Personally, I hope they conquer us and bring maple syrup and healthcare.
What trump is saying is 100% hogwash. Sure there are some industries that have high tariffs, but overall the United States has a huge trade surplus and some of the tariffs that trump is talking about are grossly exaggerated.
it's buried here and there.
Be better if we just got rid of *ALL* tariffs.
is this in response to tariffs they put on, or not?
Not that I trust Cheeto Benito, just trying to get my facts in a row before arguing the point. I agree that if he's for it, it probably stinks
The only pertinent quotes in the article:
The tariffs resulted from a complaint by a single U.S. paper manufacturer, North Pacific Paper Co. (Norpac) of Longview, Wash. It alleged that government subsidies given to Canadian producers gave them an unfair price advantage over U.S. domestic mills. Canada has about 25 producers while only five operate in the U.S., according to the Pittsburgh Post-Gazette.
In response to the mills petition, the U.S. Commerce Department in January imposed a tariff of 6.2 percent on Canadian newsprint and raised it by 22 percent more in March.
Commerces preliminary decision allows U.S. producers to receive relief from the market-distorting effects of potential government subsidies while taking into account the need to keep groundwood paper prices affordable for domestic consumers"
So were the Canadians putting tariffs on our stuff or not? Sounds more like their government was subsidizing their mills than they were penalizing US newsprint, which is a different issue.
Something odd about this, something really stinks. I mean I'm against tariffs, period, but something is fishy here. I only bring it up because I'm more likely to get good links to honest information here than nearly anywhere else.
If it won't fit into a tweet, he won't read it anyway.
they hate truth. they hate reporters. they want to keep the American people in the dark.
The ones with small circulation probably has more overhead per customer. I wonder if the smaller papers are more conservative?