The U.S. Worldwide Commerce Fee has overturned the duties imposed on Canadian newsprint by the U.S. Commerce Division earlier this yr.
The 5 commissioners voted unanimously Wednesday that imports from Canada of uncoated groundwood paper, used for newspapers, industrial printing and e book publishing, don’t injure U.S. trade.
The U.S. Commerce Division had imposed anti-dumping and countervailing duties of assorted ranges on Canadian producers together with Resolute Forest Product, Catalyst Paper Corp., Kruger Inc., and White Birch Paper.
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The U.S. Worldwide Commerce Fee’s vote overrules the findings of the Commerce Division.
The vote was welcome information to Montreal-based Resolute Forest Merchandise, the most important newsprint producer on the earth.
“To get a 5 to zero, unanimous vote discovering no harm is only a monumental victory for our efforts,” mentioned firm spokesman Seth Kursman.
“I’m simply thrilled…it’s a nice day for the American shopper, it’s a nice day for freedom of the press.”
The vote comes after U.S. newspapers had campaigned to carry the duties that had pushed a core expense greater and compelled layoffs at some papers.
David Chavern, CEO of U.S. newspaper trade group Information Media Alliance, applauded the ruling.
“The tariffs would have been unsustainable for newspapers, different printers and publishers and printers. Luckily, our voice was heard on the ITC listening to final month, and so they made the best name immediately in reversing these dangerous tariffs,” Chavern mentioned in an announcement.
He mentioned the group had emphasised in current months that it was a decades-long shift from print to digital platforms that’s inflicting a decline in newsprint demand, not imports from Canada.
The duties had come about after Washington-based North Pacific Paper Co., owned by hedge fund One Rock Capital Companions LLC, complained Canada was dumping newsprint into the U.S. market and unfairly subsidizing its trade.
It’s the similar argument made concerning Canada’s softwood trade, which led to the imposition of each countervailing and anti-dumping duties on most Canadian softwood exports to the US.
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Kursman mentioned the reversal of the duties means Resolute could have hundreds of thousands of in funds returned, and keep away from tens of hundreds of thousands of in future funds.
He mentioned the marketing campaign to finish the duties was supported by 174 members of Congress and forestry trade teams within the U.S.
The tip of uncoated groundwood duties follows the reversal in July of duties the U.S. had imposed on supercalendered paper from Canada in 2015.
The U.S. says US$1.21 billion value of uncoated groundwood paper was imported from Canada final yr, down from US$1.46 billion in 2015.