Tariffs on Canadian newsprint threatens U.S. news industry
Already in trouble with declining ad revenues, newspapers are facing a potentially disastrous blow over tariffs recently imposed on Canadian newsprint. The U.S. Commerce Department initiated the tariffs in response to a hedge fund-owned paper company in Washington state that claimed Canadian firms benefited from government subsidies. The tariffs would drive up the costs of production as much as 40 percent resulting in layoffs of reporters and less local news. (San Francisco Chronicle, April 16,