Trump’s New Tariffs Set To Drive Up Cost Of Living

By Lynda Work Canadian lumber tariffs imposed in 2017 are already having an impact on the housing and paper industries and the new steel tariffs will make the crunch even worse. Home prices are set to be driven up making it difficult for young buyers and even the middle-class buyer to purchase a property. The steel tariffs tack on 25 percent to steel, which is used in home foundations, floors and high-rise construction, and 10 percent for aluminum from foreign suppliers. The Trump administration levied tariffs of more than 20…

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