Trump’s tariffs increase rebuilding prices for wildfire victims

SANTA ROSA, Calif. (AP) – The import tariffs imposed by President Donald Trump are boosting the price of constructing a house by 1000’s of , and thatโ€™s including to the challenges of individuals attempting to rebuild from Californiaโ€™s wildfire and different disasters.

The CEO of the California Building Industry Association stated tariffs on imported lumber and different development supplies might improve the price of constructing a typical house by $20,000.

Other components are also at work, akin to a scarcity of development employees. But the tariffs are solely the results of a authorities coverage change.

Trump has been imposing tariffs on a variety of products from international locations that he says weren’t treating the U.S. pretty.

Rising development costs hit hardest on people who find themselves in search of to rebuild however whose householders insurance coverage insurance policies have caps which might be too low to cowl your entire value.

Copyright ยฉ 2018 The Washington Times, LLC.

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