The National Association of Home Builders (NAHB
) came out against the decision by President Trump to issue tariffs on imported steel and aluminum.
“It is unfortunate that President Trump has decided to impose tariffs of 25 percent on steel imports and 10 percent on aluminum imports,” said NAHB Chairman Randy Noel. “These tariffs will translate into higher costs for consumers and U.S. businesses that use these products, including home builders. Given that home builders are already grappling with 20 percent 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.”
Noel added that tariffs “hurt consumers and harm housing affordability” and urged the White House to “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.”