The Big Money Show Panelist Fentenal Crisis and President Donald Trump discuss the tariff plan as China has pledged to take retaliation.
chairman Donald Trump’s The plan to impose 25% tariffs on goods from Canada and Mexico warned several business groups that such a step would increase the cost of housing, given that important construction material is sour from our neighboring countries.
Although the President agreed to stop those tariffs for a month, when the two countries gave concessions to help the American boarders secure, the risk of prices hikes on many industries.
Home builders and material suppliers are warning that tariffs on Canada, China and Mexico goods will increase construction costs and spoil the housing strength crisis. (Photographer: Jordan Wonderhar / Bloomberg Getty Image / Getty Image)
After signing the executive order, Trump, the National Home Builders Association urged the President to reconsider to reconsider, in which NHBA President Carl Harris noted that “imports more than 70% of two essential ingredients that rely on house builders Are – Softwood Lumber and Gypsum (Drywall) (Drywall) – Come from Canada and Mexico respectively. “
A few days later, the business group warned from Canada It is imposed, as the tariffs will be at the top of an effective 14.5 duty rate already.
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CFRA analyst Ana Garcia wrote in a note this week that US logging has declined in recent years, and if the tariffs on Canada pass, the US logging may not be able to fill the difference.
Softwoods used in the US are imported from Canada, a major canada ((Photo by Justin Sulivan / Getty Image) / Getty Images)
Garcia wrote, “The cost of the growing framing lumbar, the tariff should be rolled out on March 4, 2025, the possibility of habitat will be reduced, the ability for the buyers will spoil the challenges, and increase the margin headwind for homebuilders. , “Garcia wrote.
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Jonathan Pine, president and CEO of the National Lambar and Building Material Dealers Association, warned on Wednesday that going with a tariff employed on Canada and Mexico “would be possible for the American economy and Housing market,
He said, “The United States already has an affordable housing crisis and we should focus on advocating measures as a nation that reduce construction costs and eliminate regulatory obstacles, not A policy that discourage or create new challenges to develop affordable housing, “he said in a statement. ,
Ontario Premier Doug Ford says that he hopes that ‘calm major’ in tariff debates on ‘The Claiman Countdown’ strengthens.
Meanwhile, the construction industry is also concerned about an additional 10% tariff trump place on imports from China this week.
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NAHB CEO Jim Tobin says recurrence on tariffs with a delay of 30-day despite the 11th hour, is still very uncertainty, and warns China, Mexico and Canada that the three biggest construction suppliers for the US Are.
“There is not a room in your home, including not one of the three countries, which includes dorknobs, light fixtures, framing wood and sheathing,” Tobin reported. Fox business,
