A US trade panel today blocked tariffs imposed on Canadian newsprint imports which drew sharp protests because of their impact on struggling American newspapers.
The International Trade Commission, a quasi-judicial panel that reviews tariff measures, said in a statement that newsprint or "uncoated groundwood paper" imported from Canada "does not injure US industry."
"Unfortunately, the damage to newspapers from preliminary tariffs imposed by the Department of Commerce since January has already been done. The tariffs have disrupted the newsprint market, increasing newsprint costs by nearly 30 percent and forcing many newspapers to reduce their print distribution and cut staff."
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