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Trump's trade policies hit Saratoga Springs company hard

July 06, 2018 08:24 AM

President Trump's trade war is heating up and it is starting to hit close to home. Quad Graphics in Saratoga Springs is one of the region's largest independent employers, with more than 800 employees. New tariffs that could become permanent next month have raised the prices on special paper they get from Canada.

"If the cost goes up and our customers decide to cut back the demand, we're not going to need to run those presses as often and our employment will have to go down," said Pat Henderson, the director of government affairs for Quad.

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Henderson says about 100 of the employees at the facility work directly with the uncoated groundwood paper. The paper is used to make newspaper inserts and flyers and the majority of the nation's supply is brought in from Canada.

The preliminary tariffs began in January and Henderson says they are already feeling the pinch.

"Since these have been put in place, the price of this kind of paper has gone up $150 a ton. Quad buys 600-thousand tons a year," said Henderson.

Speaking to employees at Quad on Thursday, Senator Chuck Schumer is vowing to try to stop the new duties from becoming permanent next month.

"Tariffs are supposed to help jobs in America. This tariff hurts jobs in America plain and simple," said Schumer. 

Schumer says only about a third of the nation's demand for the paper is produced domestically and there is little hope of that changing. He says the ripple effects could be huge.

"There are 17,000 newspaper jobs in New York. If their price of newsprint goes up 25 to 30 percent it's going to hurt them too and lots of people could be laid off," said Schumer.

The two states hit hardest by this new tariff are New York and Wisconsin. With Senate Majority Leader Paul Ryan being from Wisconsin and a Republican and Schumer from New York and a Democrat, Schumer is hopeful they will have bipartisan support in trying to get these reversed.

Credits

Jacquie Slater

Copyright 2018 WNYT-TV LLC, a Hubbard Broadcasting Company. All rights reserved

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