(August 9, 2018 at 9:01 am)Jörmungandr Wrote: Surprise, surprise! Trump rolls out tariff on Canadian newsprint, due to have devastating effect on U.S. newspapers.
https://www.nytimes.com/2018/08/09/us/po...trump.html
Quote:As with Mr. Trump’s other tariffs on steel, aluminum, solar panels and washing machines, the newsprint duties will help some American manufacturers but hurt many other domestic companies.
A study undertaken on behalf of a coalition of printers, publishers and paper suppliers projects that American newsprint prices will increase more than 30 percent in the next one to two years, and that newspapers and printers will face an increased cost of roughly half a billion dollars from the remaining five American mills producing newsprint. The study was filed with the United States International Trade Commission, an independent federal agency that governs trade and could ultimately overturn or change the Commerce Department’s decision in a ruling expected next month.
Yet another deplorable decision by our resident stable genius. Did he even pay attention in Econ. 101 and 102? I find it hard to believe he could have.
As far as the tariff on newsprint goes, I'm sure the "thinking" went something like:
1) This will stick it to the fake news!
2) Fuck it. I don't read and neither do many of my supporters. No big deal.