Canadian newsprint tariffs start to take a toll on U.S. newspaper industry [Los Angeles Times (CA)]
Quad Graphics, Inc Class A (QUAD)
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Source: Los Angeles Times
Canadian newsprint tariffs start to take a toll on U.S. newspaper industry Little noticed amid the trade war discussion, tariffs levied by the Trump administration on the Canadian paper used to make newsprint are starting to take a toll on U.S. newspapers and printers. In the last few months, the Commerce Department has put in place two sets of duties on producers and exporters of uncoated groundwood paper from Canada. The first, in January, ranged from 4.42% to 9.93% of the wholesale price after a preliminary determination that suppliers had received financial assistance from the Canadian government. Then in March, a separate preliminary finding by the Commerce Department resulted in anti-dumping duties of 22.16% for some Canadian paper producers and exporters. Together, the two sets of duties have raised the price of newsprint by about 30%. Final results for both investigations are expected in August. Some U.S. newspapers and third-party printers say they've already seen the effect
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