Commerce Secretary Howard Lutnick said there might be carveouts coming to the 25% tariffs placed on Canada and Mexico by President Donald Trump.
Builders expect higher prices to trickle down to builders within a few weeks, and to home buyers and renters after that, when fewer homes drive competition for those home
The CEO and President of the Bellingham Regional Chamber of Commerce joins Good Day Seattle to talk about how the tariffs between Canada and the U.S. are currently impacting business in Washington state.
Canadian leaders have pledged retaliatory efforts against tariffs imposed by President Trump, such as blocking electricity exports.
The toll from tariffs, initially shouldered by developers, is expected to be passed down to homebuyers as well as homeowners remodeling their properties.
An earthquake​ struck northwest of Seattle, Washington,​ near the U.S.-Canada border early Monday morning, officials said.
Everything from automobiles to energy to the affordability of new homes will see cost increases now that President Donald Trump has imposed tariffs on Canada, Mexico and China. Trump imposed 25% tariffs on goods from Canada and Mexico and is also boosting existing tariffs on China by an additional 10%.
The White House describes the tariffs as a response to inadequate border and drug enforcement. They are forecast to add thousands of dollars to the price of vehicles.