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Why Trump's steel and aluminum tariffs could make US housing shortage even worse and spike home prices


Published on 2025-02-12 22:00:47 - MSN
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  • Why Trump's steel and aluminum tariffs could make US housing shortage even worse and spike home prices - Trump's 25 percent tariffs could 'exacerbate the nation's housing affordability crisis, drive up consumer costs,

The article from MSN discusses how former President Donald Trump's proposed tariffs on steel and aluminum, if reinstated, could exacerbate the U.S. housing shortage and increase home prices. These tariffs, initially introduced in 2018, aimed to protect domestic industries but resulted in higher costs for construction materials. The construction industry, already grappling with supply chain issues and labor shortages, would face even higher material costs, potentially slowing down new housing projects. This could lead to a further reduction in housing supply, pushing home prices up at a time when affordability is already a significant concern. Critics argue that these tariffs would not only affect the housing market but could also contribute to broader economic inflation, as the increased costs would likely be passed on to consumers.

Read the Full MSN Article at:
[ https://www.msn.com/en-au/politics/government/why-trump-s-steel-and-aluminum-tariffs-could-make-us-housing-shortage-even-worse-and-spike-home-prices/ar-AA1yW681 ]