NAHB affirms opposition to tariffs
The National Association of Home Builders (NAHB) continued its opposition to proposed tariffs from the Trump administration.
Commenting on President Trump’s threats to impose an additional $267 billion worth of tariffs on Chinese goods, the NAHB said the move would be detrimental to Americans, including home builders.
“Though well-intentioned, President Trump’s threat to slap an additional $267 billion worth of tariffs on Chinese goods will be counterproductive by raising costs for millions of American consumers and businesses that rely on these products, including home builders,” said Randy Noel, NAHB chairman and a custom home builder from LaPlace, La.
Noel noted that additional tariffs would be piled onto $200 billion worth of proposed tariffs that are already in the pipeline and could act as a tax increase of up to $2.5 billion on the residential construction industry.
“Currently, tariffs on steel imports and Canadian lumber shipments into the U.S. are needlessly increasing the cost of building materials and exacerbating the housing affordability crisis,” Noel said. “Rather than escalating the situation, NAHB respectfully urges the administration to move quickly to resolve these trade disputes in a manner that won’t tax American workers and consumers.”
Commenting on President Trump’s threats to impose an additional $267 billion worth of tariffs on Chinese goods, the NAHB said the move would be detrimental to Americans, including home builders.
“Though well-intentioned, President Trump’s threat to slap an additional $267 billion worth of tariffs on Chinese goods will be counterproductive by raising costs for millions of American consumers and businesses that rely on these products, including home builders,” said Randy Noel, NAHB chairman and a custom home builder from LaPlace, La.
Noel noted that additional tariffs would be piled onto $200 billion worth of proposed tariffs that are already in the pipeline and could act as a tax increase of up to $2.5 billion on the residential construction industry.
“Currently, tariffs on steel imports and Canadian lumber shipments into the U.S. are needlessly increasing the cost of building materials and exacerbating the housing affordability crisis,” Noel said. “Rather than escalating the situation, NAHB respectfully urges the administration to move quickly to resolve these trade disputes in a manner that won’t tax American workers and consumers.”