Builders warn that Trump tariffs will drive up housing prices on both sides of border

The Residential Construction Council of Ontario (RESCON) warns that tariffs imposed by the Trump administration will drive up housing prices and slow down construction in both the U.S. and Canada. The tariffs on building materials such as steel, aluminum, and lumber will exacerbate the housing affordability crisis and create economic uncertainty in the residential construction sector. RESCON urges the Trump administration to remove these tariffs to avoid further disruptions in supply chains and potential trade wars. They emphasize the negative historical impacts of tariffs, such as the trade war following the Smoot-Hawley Act, and suggest cooperation with Canada to strengthen the supply chain.