Why tariffs backfire

By

Opinion

April 30, 2018 - 11:00 PM

This is the story of the boy who cried wolf.

Well, really, he’s a spoiled brat.

And, because he’s in good company, he’s getting away with murder.

At issue is a New York-based hedge fund, One Rock Capital Partners, which in 2016 acquired a paper mill in the state of Washington, North Pacific Paper Co.

And no, it’s not a logical match, but hedge funds these days are making so much money they’ll invest in anything.

In short order One Rock discovers the Canadians have a corner on the newsprint market for one reason in particular. They have more trees.

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