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US paper industry opposes tariffs on Brazilian eucalyptus pulp
The American Forest & Paper Association (AF&PA) is calling on the Office of the United States Trade Representative (USTR) to exempt Brazilian bleached eucalyptus kraft pulp (HTS code: 4703.29) from potential Section 301 tariffs, warning that the material is indispensable to the U.S. tissue industry and cannot be purchased domestically at commercial scale. The group submitted its comments as part of USTR’s ongoing investigation into Brazil’s trade practices.
On September 3, USTR will hold a public hearing to gather further testimony on these issues and assess how Brazilian laws may be restricting fair market access for American firms.
AF&PA’s urges that eucalyptus production is extremely limited, with viable growing areas confined to small regions in coastal California and Hawaii, which cannot meet industrial-scale demand.
The association holds that imposing tariffs on Brazilian pulp would harm U.S. manufacturers by raising input costs, reducing profitability, and undermining the competitiveness of American-made tissue products.
Oil in Longest Rally in 3 Months on Signs of U.S. Stockpile Drop
Global benchmark Brent crude topped $60 a barrel last month for the first time since July 2015, while West Texas Intermediate, the U.S. marker, is set for the highest close in two years as Saudi Arabia and Russia signaled support for extending supply cuts well into 2018. The market was also buoyed by conflict between the Iraqi central government and Kurdish forces that threatened crude production from northern fields in the OPEC nation. “U.S. stock draws have been leading and continue to lead the market higher,” said Olivier Jakob, managing director at Petromatrix GmbH in Zug, Switzerland. Click Read More below for additional information.