One of America's largest newspapers is slashing jobs because of Trump's tariffs

pulse

April 19, 2018 2:27 PM

The Tampa Bay Times will lay off around 50 staff members due to new tariffs on newsprint imposed by President Donald Trump's administration.

The Tampa Bay Times, one of the largest newspapers in the US, will lay off around 50 people.
The publication said the layoffs come in direct response to a new tariff on newsprint.
Local newspapers across the US are worried the tariff, imposed by President Donald Trump's administration, could hurt their business.

The Tampa Bay Times, one of the largest US newspapers by circulation, plans to lay off around 50 people starting Thursday in a direct response to a new tariff imposed by President Donald Trump's administration.

The Tampa Bay Times confirmed the layoffs to the Tampa Bay Business Journal.

In March, Paul Tash, the Times' chairman and CEO, wrote in the paper that new tariffs on imported newsprint would increase the company's costs by roughly $3 million a year.

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