Steering the ship of state right onto the reefs:
Homebuilders and contractors say the administration’s trade policy will add to the price increases that usually follow natural disasters. In addition to materials like lumber, steel and aluminum, the United States will impose tariffs on $200 billion in Chinese imports next week, including countertops, furniture and gypsum, a key ingredient in drywall. All told, some builders estimate that construction costs could be 20 to 30 percent higher than they would have been without these tariffs.
“We’re all going to pay the price for it in terms of higher construction costs,” said Alan Banks, president of the North Carolina Home Builders Association.
Of course Trump doesn't understand this, and neither do many of his supporters. Our town is going through a growth spurt, and I've had several NIMBY citizens ask me why we are in "such a rush" to approve new housing projects. When I tell them about the cost of building going up because of these tariffs, which will (probably) slow things down quite a bit in the near future, I usually get blank stares. One obviously Trump-supporting dude tried to make lemonade out of it by saying, "Good! My home will increase in value." When I asked him if he was thinking about selling, he said, "No! I love my house!" When I broke the news the only thing he would get out of the deal was higher property taxes, he wandered off with a vacant look on his face. Bless his little MAGA heart. And the tariff punishments just keep on coming: