NAHB opposes Trump steel, aluminum tariffs
The National Association of Home Builders (NAHB) said it opposes the latest steel and aluminum import tariffs proposed by President Donald Trump, citing that they would have a negative impact on U.S. builders and business.
The National Association of Home Builders (NAHB) said it opposes the latest steel and aluminum import tariffs proposed by President Donald Trump, citing that they would have a negative impact on U.S. builders and business.
“It is unfortunate that President Trump has decided to impose tariffs of 25% on steel imports and 10% on aluminum imports. These tariffs will translate into higher costs for consumers and U.S. businesses that use these products, including home builders,” Randy Noel, chairman of the NAHB said in a statement issued by the association.
“Given that home builders are already grappling with 20% tariffs on Canadian softwood lumber and that the price of lumber and other key building materials are near record highs, this announcement by the president could not have come at a worse time,” said Noel, who is also a home builder and developer in LaPlace, La.
The chairman also said that tariffs will hurt consumers and housing affordability.
“We hope the administration will work quickly to resolve these trade disputes regarding lumber and steel so that businesses and consumers have access to an adequate supply at a fair market price,” Noel said.
Trump’s announcement yesterday sent stock markets tumbling with the Dow closing more than 400 points lower yesterday.
“It is unfortunate that President Trump has decided to impose tariffs of 25% on steel imports and 10% on aluminum imports. These tariffs will translate into higher costs for consumers and U.S. businesses that use these products, including home builders,” Randy Noel, chairman of the NAHB said in a statement issued by the association.
“Given that home builders are already grappling with 20% tariffs on Canadian softwood lumber and that the price of lumber and other key building materials are near record highs, this announcement by the president could not have come at a worse time,” said Noel, who is also a home builder and developer in LaPlace, La.
The chairman also said that tariffs will hurt consumers and housing affordability.
“We hope the administration will work quickly to resolve these trade disputes regarding lumber and steel so that businesses and consumers have access to an adequate supply at a fair market price,” Noel said.
Trump’s announcement yesterday sent stock markets tumbling with the Dow closing more than 400 points lower yesterday.
