Trump Tariff Jacked Up U.S. Newsprint Prices [View all]
Last edited Tue Jun 12, 2018, 02:23 PM - Edit history (1)
Source: PoliticalWire
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.”
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Read more: https://politicalwire.com/2018/06/12/trump-tariff-jacked-up-u-s-newsprint-prices/
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