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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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