At least 10 years past due: But finally tarrifs applied to Chinese paper

[iamwhatiseem]

To the point of a sick joke China has been price dumping paper and steel in America. President Bush did didly squat for his 8 years...as well as the legislators in the past.
FINALLY - at least a start in applying already existing anti-trade practices against the Chinese government. They have been dumping paper in America for at least a decade that has all but destroyed the once prominent American and Canadian paper industry.



**EDIT*** Story now on New Page Site***..... http://investors.newpagecorp.com/index.php?s=43&item=212

MIAMISBURG, OH—March 14, 2012—NewPage is pleased that President Obama signed the legislation passed by the U.S. House and Senate that will allow the Department of Commerce to continue to apply the countervailing duty law to non-market economy countries like China. This legislation will preserve intact the countervailing duty order in place covering coated paper, as well as other countervailing duty orders covering other products from China.

"We applaud the remarkable effort of Congress in passing this important legislation, and would like to especially thank Republican Senators Mitch McConnell (R-KY) and Susan Collins (R-ME) for their leadership roles," stated George Martin, president and chief executive officer for NewPage. "Keeping these duties in place helps to level the playing field and allow our world-class operations and workforce to continue to service our customers with high quality, competitive products," added Martin.

In 2009, Appleton Coated LLC, NewPage Corporation, Sappi Fine Paper North America and the United Steelworkers Union filed trade cases seeking to end dumping and subsidy practices, involving certain coated paper produced in China and Indonesia. In 2010, these efforts resulted in antidumping and countervailing duties being imposed on imports from both of these countries. Until the duties were put in place, imports from these countries were having a devastating effect on production and employment in the United States.

About NewPage
NewPage is the leading producer of printing and specialty papers in North America with $3.5 billion in net sales for the year ended December 31, 2011. NewPage is headquartered in Miamisburg, Ohio, and owns paper mills in Kentucky, Maine, Maryland, Michigan, Minnesota and Wisconsin. These mills have a total annual production capacity of approximately 3.5 million tons of paper.

The company's product portfolio is the broadest in North America and includes coated, specialty, supercalendered and uncoated papers. These papers are used in commercial printing to create corporate collateral, magazines, catalogs, books, coupons, inserts and direct mail as well as in specialty paper applications including beverage bottle labels, food and medical packaging, pressure-sensitive labels and release liners.

 

[EdwardBaiamonte]

To the point of a sick joke China has been price dumping paper and steel in America.

how nice of them to give us lower prices and make us richer, and thus give us more to spend on other things that stimulate employment here.

 

[EdwardBaiamonte]

President Bush did didly squat for his 8 years...as well as the legislators in the past.

yes he merely allowed the Chinese to lower our prices. Personally I always look for higher prices.

 

[whitehall]

Tariffs? Is that the left's solution for the mess the US economy is in? The US is spending our grand kids money to buy oil and the left thinks that tariffs on paper is the wave of the future. You almost gotta laugh.

 

[iamwhatiseem]

OK you guys clearly have no clue.
Do you even know what price dumping is kids?
Let me spell it out for you...especially Edward who clearly has rocks in his head.
Price dumping is purposely selling paper below cost of manufacture in order to build a monopoly.
China was selling paper in the U.S. at about 15% below their cost. They were WELL on their way to knock out paper mills all over North America. Paper Mills provide outstanding high paying jobs.
You clowns seem ok with this in favor of those 1,000's of people losing their jobs to go work for Wal-Mart.

[flip] - here's a nickel kid, go entertain yourself.

 

[Procrustes Stretched]

NewPage Applauds Bill Passed to Apply Tariffs on Illegally Subsidized Goods From China - Mar 14, 2012

To the point of a sick joke China has been price dumping paper and steel in America. President Bush did didly squat for his 8 years...as well as the legislators in the past.
FINALLY - at least a start in applying already existing anti-trade practices against the Chinese government. They have been dumping paper in America for at least a decade that has all but destroyed the once prominent American and Canadian paper industry.

***NOTE*** I cannot link this....it is a public article, but you would have to login to see it.

MIAMISBURG, OH—March 14, 2012—NewPage is pleased that President Obama signed the legislation passed by the U.S. House and Senate that will allow the Department of Commerce to continue to apply the countervailing duty law to non-market economy countries like China. This legislation will preserve intact the countervailing duty order in place covering coated paper, as well as other countervailing duty orders covering other products from China.

"We applaud the remarkable effort of Congress in passing this important legislation, and would like to especially thank Republican Senators Mitch McConnell (R-KY) and Susan Collins (R-ME) for their leadership roles," stated George Martin, president and chief executive officer for NewPage. "Keeping these duties in place helps to level the playing field and allow our world-class operations and workforce to continue to service our customers with high quality, competitive products," added Martin.

In 2009, Appleton Coated LLC, NewPage Corporation, Sappi Fine Paper North America and the United Steelworkers Union filed trade cases seeking to end dumping and subsidy practices, involving certain coated paper produced in China and Indonesia. In 2010, these efforts resulted in antidumping and countervailing duties being imposed on imports from both of these countries. Until the duties were put in place, imports from these countries were having a devastating effect on production and employment in the United States.

About NewPage
NewPage is the leading producer of printing and specialty papers in North America with $3.5 billion in net sales for the year ended December 31, 2011. NewPage is headquartered in Miamisburg, Ohio, and owns paper mills in Kentucky, Maine, Maryland, Michigan, Minnesota and Wisconsin. These mills have a total annual production capacity of approximately 3.5 million tons of paper.

The company's product portfolio is the broadest in North America and includes coated, specialty, supercalendered and uncoated papers. These papers are used in commercial printing to create corporate collateral, magazines, catalogs, books, coupons, inserts and direct mail as well as in specialty paper applications including beverage bottle labels, food and medical packaging, pressure-sensitive labels and release liners.

NewPage Applauds Bill Passed to Apply Tariffs on Illegally Subsidized Goods From China - Mar 14, 2012

 

[iamwhatiseem]

Thanks Dante.....these idiots have no clue.
Simple minds cannot grasp that low prices is not the answer....if it was - then everything would be for free.

 

[Ringel05]

To the point of a sick joke China has been price dumping paper and steel in America. President Bush did didly squat for his 8 years...as well as the legislators in the past.
FINALLY - at least a start in applying already existing anti-trade practices against the Chinese government. They have been dumping paper in America for at least a decade that has all but destroyed the once prominent American and Canadian paper industry.



**EDIT*** Story now on New Page Site***..... NewPage Applauds Bill Passed to Apply Tariffs on Illegally Subsidized Goods From China - Mar 14, 2012

MIAMISBURG, OH—March 14, 2012—NewPage is pleased that President Obama signed the legislation passed by the U.S. House and Senate that will allow the Department of Commerce to continue to apply the countervailing duty law to non-market economy countries like China. This legislation will preserve intact the countervailing duty order in place covering coated paper, as well as other countervailing duty orders covering other products from China.

"We applaud the remarkable effort of Congress in passing this important legislation, and would like to especially thank Republican Senators Mitch McConnell (R-KY) and Susan Collins (R-ME) for their leadership roles," stated George Martin, president and chief executive officer for NewPage. "Keeping these duties in place helps to level the playing field and allow our world-class operations and workforce to continue to service our customers with high quality, competitive products," added Martin.

In 2009, Appleton Coated LLC, NewPage Corporation, Sappi Fine Paper North America and the United Steelworkers Union filed trade cases seeking to end dumping and subsidy practices, involving certain coated paper produced in China and Indonesia. In 2010, these efforts resulted in antidumping and countervailing duties being imposed on imports from both of these countries. Until the duties were put in place, imports from these countries were having a devastating effect on production and employment in the United States.

About NewPage
NewPage is the leading producer of printing and specialty papers in North America with $3.5 billion in net sales for the year ended December 31, 2011. NewPage is headquartered in Miamisburg, Ohio, and owns paper mills in Kentucky, Maine, Maryland, Michigan, Minnesota and Wisconsin. These mills have a total annual production capacity of approximately 3.5 million tons of paper.

The company's product portfolio is the broadest in North America and includes coated, specialty, supercalendered and uncoated papers. These papers are used in commercial printing to create corporate collateral, magazines, catalogs, books, coupons, inserts and direct mail as well as in specialty paper applications including beverage bottle labels, food and medical packaging, pressure-sensitive labels and release liners.

 

[Procrustes Stretched]

Thanks Dante.....these idiots have no clue.
Simple minds cannot grasp that low prices is not the answer....if it was - then everything would be for free.

Walmart?

The Man Who Said No to Wal-Mart | Fast Company

The Man Who Said No to Wal-Mart
Every year, thousands of executives venture to Bentonville, Arkansas, hoping to get their products onto the shelves of the world's biggest retailer. But Jim Wier wanted Wal-Mart to stop selling his Snapper mowers.

 

[California Girl]

OK you guys clearly have no clue.
Do you even know what price dumping is kids?
Let me spell it out for you...especially Edward who clearly has rocks in his head.
Price dumping is purposely selling paper below cost of manufacture in order to build a monopoly.
China was selling paper in the U.S. at about 15% below their cost. They were WELL on their way to knock out paper mills all over North America. Paper Mills provide outstanding high paying jobs.
You clowns seem ok with this in favor of those 1,000's of people losing their jobs to go work for Wal-Mart.

[flip] - here's a nickel kid, go entertain yourself.

A similar thing happened in the UK some years ago... Greece started shipping in baked beans at 10p a can. Destroyed the UK market.... then raised their prices. People are so very short termist when it comes to their buying power. They bought cheap shit, and in the process destroyed their own industry.... now they complain that the manufacturing industry is struggling... 'why did the government allow this to happen? They whine.... the government didn't do it, you did. Idiots.

 

[iamwhatiseem]

Thanks Dante.....these idiots have no clue.
Simple minds cannot grasp that low prices is not the answer....if it was - then everything would be for free.

Walmart?

The Man Who Said No to Wal-Mart | Fast Company

The Man Who Said No to Wal-Mart
Every year, thousands of executives venture to Bentonville, Arkansas, hoping to get their products onto the shelves of the world's biggest retailer. But Jim Wier wanted Wal-Mart to stop selling his Snapper mowers.

That is one of my favorite stories...just imagine if other manufacturers would also refuse to lower their quality and outsource to China to meet Wal-Mart price demands.
The sheer number of jobs lost in manufacturing due to Wal-Mart hostile price pressures is staggering. The sheep will never get this. They will never understand that a $20 per employee job with benefits is what the middle class is supposed to be. Not $8-$10 service jobs that these folks are forced to work at.

 

[Procrustes Stretched]

Thanks Dante.....these idiots have no clue.
Simple minds cannot grasp that low prices is not the answer....if it was - then everything would be for free.

Walmart?

The Man Who Said No to Wal-Mart | Fast Company

The Man Who Said No to Wal-Mart
Every year, thousands of executives venture to Bentonville, Arkansas, hoping to get their products onto the shelves of the world's biggest retailer. But Jim Wier wanted Wal-Mart to stop selling his Snapper mowers.

That is one of my favorite stories...just imagine if other manufacturers would also refuse to lower their quality and outsource to China to meet Wal-Mart price demands.
The sheer number of jobs lost in manufacturing due to Wal-Mart hostile price pressures is staggering. The sheep will never get this. They will never understand that a $20 per employee job with benefits is what the middle class is supposed to be. Not $8-$10 service jobs that these folks are forced to work at.

The Wal-Mart vice president responded with strategy and argument. Snapper is the sort of high-quality nameplate, like Levi Strauss, that Wal-Mart hopes can ultimately make it more Target-like. He suggested that Snapper find a lower-cost contract manufacturer. He suggested producing a separate, lesser-quality line with the Snapper nameplate just for Wal-Mart. Just like Levi did.

- he doesn't hate Walmart, but...

 

[EdwardBaiamonte]

The sheer number of jobs lost in manufacturing due to Wal-Mart hostile price pressures is staggering.

Of course thats perfectly 100% idiotic and liberal. Imagine an economy where people looked for higher prices and stores sought to provide them!

The fact is all prices come down over time as standards of living rise.
In the 19th Century, for example, few could afford light at night, now it is so cheap everyone can afford it!

The idea is that when you save money on Walmart Levis you then have money left over to spend on other things thus stimulating new employment. This is why always lower prices creates more jobs not less!! Econ 101 class one day one!! Sorry, but you are a liberal; what do you expect!!