The article discusses the potential impact of tariffs imposed by President Trump on imported lumber and steel, particularly affecting California's construction industry. Executives from companies like Ganahl Lumber express concern over price increases, warning that tariffs could be passed to consumers. The California Building Industry Association highlights the compounded financial strain on rebuilding efforts after devastating firestorms, with estimates suggesting costs for new homes could rise by $35,000 to $45,000. While the administration claims tariffs will benefit domestic production, they may also burden consumers with higher costs.
The tariffs proposed by the Trump administration could lead to a significant increase in lumber and steel prices in California, greatly affecting construction costs.
Building executives warn that the tariffs, combined with recent firestorms, could substantially increase the cost of rebuilding, squeezing the California housing market.
The California Building Industry Association estimates that the tariffs could add between $35,000 and $45,000 to building a new home in the state.
Despite the tariffs being intended to boost U.S. production, they are likely to result in higher prices for consumers, especially for construction materials.
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