Money U.S. lowers Canadian newsprint duties

22:28  02 august  2018
22:28  02 august  2018 Source:   msn.com

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“ Canada ’s claims are unfounded and could only lower U . S . confidence that Canada is committed to dispute over lumber and recent cases against Bombardier airplanes and Canadian newsprint . The United States has imposed import duties on Bombardier’s CSeries planes.CreditClement

The duties imposed by the U . S . government on newsprint from Canada marked one of the first dramatic parries by the Trump administration against 'unfair Share this story. U . S . newspapers getting 'murdered' by steep tariffs imposed on Canadian newsprint , as hearings into duties held.

WASHINGTON - The United States government has given most Canadian newsprint producers a reprieve by lowering final anti-dumping and countervailing duties in its final determination issued Thursday.

The move comes after several American businesses complained the tax on Canadian newsprint would threaten the already-struggling American newspaper industry.

a man standing on a table© Provided by thecanadianpress.com

The total tariff for Catalyst Paper Corp. decreased to 20.26 per cent from 28.25 per cent imposed earlier in the year during the preliminary phase.

The B.C.-based company's anti-dumping rate was decreased to 16.88 per cent from 22.16, and its countervailing duty (CVD) rate was lowered to 3.38 per cent from 6.09 per cent.

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The U . S . Department of Commerce has imposed preliminary anti-dumping duties averaging 22.16 per cent against most Canadian newsprint producers that ship into the United States.

The American government is imposing more anti-dumping duties on Canadian newsprint . The U . S . Department of Commerce says a preliminary investigation has found Canadian exporters underpriced uncoated groundwood paper by between 0 and 22.16 per cent.

Commerce Secretary Wilbur Ross says no other Canadian uncoated groundwood producer, a category that includes newsprint and book grade paper, will have to pay anti-dumping tariffs because of the unique facts of the department's investigation and arguments made by interested parties.

Montreal-based Kruger's CVD rate was lowered slightly to 9.53 per cent but the final rates for Resolute Forest Products, White Birch Paper and other Canadian producers increased.

Resolute's countervailing tariff increased to 9.81 per cent from 4.42 per cent, White Birch was .82 from .65 per cent and all others has risen to 8.54 per cent from 6.53 per cent.

The U.S. says US$1.21 billion worth of uncoated groundwood paper was imported from Canada last year.

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By The Canadian Press & National Observer in News , Politics | January 10th 2018. The Canadian government says any duties imposed on newsprint exports will have a "direct and negative impact on U . S . newspapers," some front pages of which are seen here.

© CBC The U . S . Department of Commerce says a preliminary investigation has found Canadian exporters underpriced newsprint paper by between 0 and 22.16 per cent. The American government is imposing more anti-dumping duties on Canadian newsprint .

The Trump administration began investigating Canada's newsprint industry after Washington-based North Pacific Paper Co., complained Canada was dumping newsprint into the American market and unfairly subsidizing its industry at home.

It is the same argument made regarding Canada's softwood industry, which led to the imposition of both countervailing and anti-dumping duties on most Canadian softwood exports to the United States.

The U.S. International Trade Commission is slated to decide in mid-September whether the American complainant suffered harm.

Companies in this story: (TSX:RFP)

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