Wall Street Journal (April 25)
2017/ 04/ 26 by jd in Global News
Will protectionism be as welcome once the costs are realized? The Journal reports “Commerce Secretary Wilbur Ross announced Monday that the Trump Administration will raise the cost of new single family homes in the U.S. as part of its promise to ‘make America great again.’” The Journal adds, “Mr. Ross didn’t put it quite that way.” Ultimately, however, the 20% tariff on lumber from Canada Mr. Ross did announce “will add an additional $1 billion in new costs for U.S. construction.”
Tags: Canada Construction, Costs, Homes, Lumber, Protectionism, Ross, Tariff, Trump, U.S.
