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The
company said, starting Monday, it would cut shifts at three
sawmills in Quebec for a six-week period, and also halt some
activities at another sawmill in Quebec for two weeks, among
other actions.
"Real people are now being impacted by the baseless actions of
the U.S. Department of Commerce. They not only hurt Canadians,
as demonstrated clearly with these actions, but American
Consumers are also hit hard by market volatility," Resolute
Forest's spokesman Seth Kursman told Reuters on Monday.
The U.S. tariffs, which affect nearly $5.66 billion worth of
imports of construction material, were imposed at a time when
the two countries and Mexico are preparing to renegotiate the
23-year-old North American Free Trade Agreement.
Canadian firms affected by the tariff include West Fraser Timber
Co Ltd <WFT.TO>, Canfor Corp <CFP.TO>, Conifex Timber Inc <CFF.TO>,
Western Forest Products Inc <WEF.TO> and Interfor Corp <IFP.TO>,
apart from Resolute Forest Products.
(Reporting by John Benny in Bengaluru; Editing by Martina
D'Couto)
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