US says Canada dumped paper, imposes import duty - Reuters
|Reuters is reporting that the US Commerce Department announced on Tuesday that preliminary findings in their investigation into Canadian groundwood paper and allegations of illegal market dumping.
Key highlights:
- Dept. of Commerce imposes duties of up to 22.16% on specific Canadian paper products bound for the US.
- The antidumping duties are less than those sought by the Washington state petitioner, the North Pacific Paper Company.
- The final decision will not be until at least August 2nd.
- The investigation was originally announced last August.
- The investigation alleges that Canadian groundwood products used for newspapers were dumped at below-market rates into the United States.
- Canadian companies are being accused of receiving unfair subsidies.
- Investigations into dumping and countervailing duties are up 96% during Trump's presidency.
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