People shop for lumber from a Home Depot store in Alhambra, California, on April 10, 2025. About 70% to 80% of the lumber imported by the United States comes from Canada. Those imports are expected to soon face tariff hikes.
Mandatory Credit: Frederic J. Brown/AFP/Getty Images via CNN Newsource
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Trump’s tariffs are dragging down an already stalled housing market
US homebuilders pulled back on projects in April amid whipsaw tariff announcements and growing fears of economic stress, new data on Friday revealed.
