Trump's Tariffs Are Making Things Even Worse for U.S. Newspapers
- Newsprint prices at 5-year high after duties on Canada imports
- Demand drop may accelerate, producer Resolute Forest says
Photographer: Matt Nager/Bloomberg
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As if things didn’t look bleak enough for newspapers, a Canada-U.S. trade spat is adding to their costs.
Newsprint prices have jumped to the highest in five years, after President Donald Trump’s administration imposed duties on imported paper from Canada. The world’s largest newsprint maker, Montreal-based Resolute Forest Products Inc., said Thursday the duties are pushing up prices and putting a squeeze on demand, which is already declining.