Newsprint tariff $8M annual hit for Corner Brook Pulp and Paper

January 10, 2018

Corner Brook Pulp and Paper is facing a major crisis following the ruling of the U.S. Department of Commerce which imposed a duty on all Canadian newsprint exported to the United States, an industry group says.

Kruger, which owns Corner Brook Pulp and Paper, was hit the hardest with a preliminary tariff of 9.93 per cent on all uncoated groundwood paper, such as newsprint, sold to the U.S.

"We're extremely concerned. This is a serious threat to the jobs and [Corner Brook Pulp and Paper]," said Joel Neuheimer, vice-president of International Trade of Forest Products Association of Canada.

The Corner Brook mill produces 120,000 tonnes a year specifically for the United States, which is about half of the total production of the western Newfoundland facility.

This was excerpted from the 10 January 2018 edition of CBC News.

Topic(s)

Trade Agreements

International Trade and Border Management

Information source

Canadian News Channel

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