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PostPosted: Tue Jun 12, 2018 1:41 pm 
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http://www.philly.com/philly/business/t ... 3Dsharebar


Quote:
Trump's commerce department put a tariff on Canadian paper that jacked up all U.S. newsprint prices


A single tariff benefiting one paper factory in Washington state could prompt the loss of thousands of U.S. newspaper jobs, industry executives say.

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, according to the News Media Alliance, a trade group.


Hunker down. Idiocracy happens now at light speed.

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