The article discusses the implications of President Trump's global tariff policies on trade with Canada and Mexico, emphasizing a potential risk for the housing market. Tariffs initiated on April 2 include a 25% tax on non-compliant goods, impacting construction costs by approximately $10,900 per new home. Although a 90-day pause on most tariffs was announced, with resuming dates set for July, concerns linger about the effects on mortgage rates and inflation. The Federal Reserve has maintained interest rates, leading to tensions within the administration regarding monetary policy.
The tariffs on Canada and Mexico, totaling 25%, are causing significant costs for homebuilders, potentially adding $10,900 to new home construction.
Trump's global tariff policies, initiated on April 2, have ignited debates over their effects on the housing market, particularly regarding material costs.
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