Canada and Mexico are major suppliers for construction materials and auto parts in the U.S. (Credit: Jeerawut/Adobe Stock)
President Trump’s new tariffs will slow down rebuilding efforts from recent natural catastrophes, according to the American Property Casualty Insurance Association (APCIA).
Starting Tuesday, the United States began collecting a 25% tariff on nearly all goods from Canada and Mexico, including construction materials and car parts. Additionally, a 10% tariff was placed on imports from China, on top of a 10% tariff that went into effect last month.
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