Resolute says lumber prices will help offset rise in U.S. border taxes

Cedar planks are stacked at a lumber yard in Montreal, Tuesday, April 25, 2017. THE CANADIAN PRESS/Paul Chiasson PCH/GAC

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MONTREAL - Resolute Forest Products Inc. says strong lumber prices will mean a significant increase in border taxes imposed by the U.S. government.

Chief executive Remi Lalonde says the tax will increase to 30 per cent from 20 per cent for most of 2022, according to the U.S. Commerce Department.

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Source: Kelowna Daily Courier

 

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