Prime Minister Mark Carney of Canada and President Trump discussed resuming trade negotiations, with intentions to finalize a long-term agreement by July 21. Amidst Trump's controversial tariff plans, U.S. homebuilders are advocating for tariff exemptions on key imported materials, emphasizing the financial strain higher tariffs pose on housing costs. The National Association of Home Builders reported that tariffs could add nearly $11,000 to the cost of building a new home. Additionally, as concerns about inflation rise, the housing market faces pressures from increased mortgage rates affecting affordability for Americans.
A representative for Prime Minister Mark Carney indicated that he and Trump have renewed trade discussions, aiming to finalize an agreement by July 21.
The National Association of Home Builders notes that new tariffs could significantly increase the cost of building homes and impacts housing affordability for Americans.
Collection
[
|
...
]