Trump tariffs could drive up costs to rebuild after Florence

Published September 22, 2018 2:30pm ET



Tariffs on Canadian lumber, Chinese gypsum, appliances, countertops, and more could make recovering from Florence more expensive for homeowners in the Carolinas.

The cost of wood is up more than 40 percent over last year, following a 20 percent tax on Canadian lumber that went into effect in November. The New York Times reported that tariffs — including those on $200 billion of Chinese imports that go into effect next week — could drive up construction costs as much as 20 to 30 percent.

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