- Jun 19, 2020
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According to Bloomberg, there is also a possibility that additional tariffs could push the rate beyond 50 per cent.
Although Trump supports these tariffs as a way to boost US manufacturing, they could impact the supply of northern bleached softwood kraft pulp (NBSK), a critical material for producing toilet paper and paper towels. Brian McClay, whose firm BMA monitors the global pulp market, told the news agency, “Some of the big branded products not only want softwood pulp from Canada, they want softwood pulp from this particular mill.”
Pulp is extracted from sawmill wood chips. If sawmills shut down due to tariffs on Canadian lumber, pulp production would also decline, directly affecting American toilet paper manufacturers.
The US imports roughly 10 per cent of its toilet paper, with about half coming from Canada, according to Dino Bianco, chief executive of Kruger Products, Canada’s largest toilet paper producer. --HERE
Now this may or may not be a thing, and frankly even during covid I couldn't understand why the run on toilet paper? But I made a Costco trip today in the Seattle/Tacoma area and the TP was darn near cleaned out. I asked Asst Manager what's the deal? He said small businesses have been buying it up because of tariff concerns.
I hope this peters out or doesn't become a thing, because I don't want to employ the covid strategy to score toilet paper again.
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