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Tags: tampa bay times | new tariffs | job cuts | tampa bay business journal | donald trump

Tampa Bay Times Cuts 50 Jobs in Response to Trump Tariffs

Tampa Bay Times Cuts 50 Jobs in Response to Trump Tariffs
Tampa Bay Times Chairman Paul Tash (Zack Wittman/The Tampa Bay Times via AP)

By    |   Thursday, 19 April 2018 09:07 AM EDT

The Tampa Bay Times is cutting about 50 jobs after new tariffs imposed by President Donald Trump increased the cost of newsprint, the Tampa Bay Business Journal is reporting.

Times chairman Paul Tash had warned of possible job reductions just last month.

"Now it seems our own business — newspaper printing and publishing — will take some casualties in a trade war over paper" he wrote in a column for the Times on March 23.

"This month, the U.S. government piled huge tariffs onto the imports of newsprint from Canada, including those from our biggest supplier. As a result, the price will jump from $600 to $800 for every ton, and we use about 17,000 tons every year.

"That increase is more than 30 percent, and would add more than $3 million to the Tampa Bay Times’ annual newsprint bill."

Sherri Day, a spokeswoman for the newspaper, confirmed the job cuts

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The Tampa Bay Times is cutting about 50 jobs after new tariffs imposed by President Donald Trump increased the cost of newsprint, the Tampa Bay Business Journal is reporting.
tampa bay times, new tariffs, job cuts, tampa bay business journal, donald trump
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2018-07-19
Thursday, 19 April 2018 09:07 AM
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