Chinese Paper Tariffs Rankle U.S. Printers —Michelson

ENDING A 23-year-old policy of not applying anti-subsidy laws to non-market economy (state-controlled) countries like China, the U.S. Department of Commerce (DOC) recently determined that two Chinese producers and exporters of coated free sheet paper received countervailable subsidies ranging from 10.9 to 20.35 percent from the Chinese government in the form of tax breaks, tax forgiveness and low-cost loans. In response, tariffs have been enacted for coated free sheet paper imported from China, as well as for the same glossy grade being imported (in lesser amounts) from Indonesia and South Korea.