President Trump declared a "Liberation Day" for American workers by announcing new tariffs impacting home prices and mortgage rates. The tariffs include a minimum 10% tax on most trading partners and a 25% tax on imported vehicles. While Canada and Mexico are exempt temporarily, they will face the baseline rate later. The goal is to enhance American manufacturing and the economy, but concerns arise that these tariffs may lead to higher consumer prices and disrupt global supply chains, affecting homebuilding costs significantly.
"Our country and its taxpayers have been ripped off for more than 50 years, but it is not going to happen anymore. With today's action, we are finally going to be able to make America great again, greater than ever before."
"The new reciprocal tariffs include a minimum 10% baseline tax on most trading partners, with proportionally higher levies on goods from countries that impose additional tariffs on U.S. goods."
"Tariffs are taxes on imported goods, typically paid to the government by the local business importing those goods, and usually passed along to consumers in the form of higher prices."
"Some economists fear the new trade barriers could raise the cost of everyday goods and disrupt complex global supply chains."
Collection
[
|
...
]