Canadian newsprint producer hopes U.S. trade commission will overturn duties

August 3, 2018

North America’s largest newsprint producer hopes rare bipartisan political support in the United States will convince the U.S. International Trade Commission to overturn final import duties announced Thursday.

The United States government gave most Canadian newsprint producers a reprieve by lowering final anti-dumping and countervailing duties on uncoated groundwood, a category that includes newsprint and book grade paper, in its final determination.

The move comes after several American businesses and politicians from both major parties complained the tax on Canadian newsprint would threaten the already-struggling newspaper industry.

Resolute Forest Products CEO Yves Laflamme said he hopes the commission will reject the Commerce Department’s determination, just as it did in January when the panel sided with Bombardier against U.S. aerospace giant Boeing over the C Series commercial jet that Airbus now controls and has renamed...

This was excerpted from the 2 August 2018 edition of the Financial Post.

Topic(s)

Trade Agreements

Information source

Canadian News Channel

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