Home News Industry News Donald Trump’s tariffs cement costly recovery from Hurricane Florence

Donald Trump’s tariffs cement costly recovery from Hurricane Florence

The tariffs U.S. President Donald Trump has slapped on imports from China, Canada and other countries —as well as new tariffs he is expected to announce late Monday —are almost certain to make it more expensive for homeowners in the Carolinas to rebuild and refurnish their after Hurricane Florence.

While prices naturally rise after a natural disaster, given the spike in demand for building materials, Trump's trade war has already boosted costs for imported plywood and lumber, which jumped 30 per cent in the six months after the Trump administration announced tariffs on Canadian softwood timber in December.

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Source: The Star

 
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