The latest increase in Chinese tariffs is hitting home remodelers where they live, and they are passing those higher costs on to clients. From tile to countertops, laminates to lighting, all the fancy finishings — about 450 of them — are on the list that just went from 10% tariffs to 25%. The additional costs just went from $1 billion to $2.5 billion, according to an analysis by the National Association of Home Builders.
The latest increase in Chinese tariffs is hitting home remodelers where they live, and they are passing those higher costs on to clients.
The increase is on goods shipped starting last Friday, so the hikes will not hit U.S. shores likely until the start of June. This buys negotiators a bit more time. Still, the tariffs are already hurting the remodeling business. At Case Architects and Remodelers in the Washington, DC area, CEO Bruce Case was already seeing some clients reduce the size of their projects after the first round of tariffs in order to rein in the budget.
Österreich Neuesten Nachrichten, Österreich Schlagzeilen
Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.
Big U.S. Firms Are Bracing for Higher TariffsMany big U.S. companies say they are prepared for the U.S. to impose higher tariffs on $200 billion of Chinese imports and have anticipated the trade friction in their annual forecasts.
Weiterlesen »
China shares, yuan rise as investors look past U.S. tariff hikeChinese shares and the yuan strengthened on Friday after the U.S. imposed higher...
Weiterlesen »
China stocks, yuan end up, pin hopes on trade deal despite U.S. tariff hikeChinese shares ended higher and the yuan strengthened on Friday as investors bet...
Weiterlesen »
Yen gains but yuan, Aussie dip as U.S.-China trade war escalatesThe safe-haven yen edged higher and the Chinese yuan and Australian dollar dippe...
Weiterlesen »
Yen gains but yuan, Aussie dip as U.S.-China trade war escalatesThe safe-haven yen edged higher and the Chinese yuan and Australian dollar dippe...
Weiterlesen »
GE CEO expects weaker quarters for rest of 2019, higher China tariff costsGeneral Electric Co Chief Executive Larry Culp said on Wednesday that the compan...
Weiterlesen »
This Will Be The Biggest Disruption In Higher EducationA new study of parents of K-12 students adds fuel to a potentially powerful new model for work and higher education on the near horizon. One where we will see a shift from 'going to college to get a job' to 'going to a job to get a college degree.'
Weiterlesen »
China strikes back at United States with higher tariffs on American goodsThe move follows Friday's increase in US tariffs on $200 billion worth of Chinese exports from 10% to 25%.
Weiterlesen »
Dow tumbles 475 points after China retaliates with higher tariffsChina announces it will raise tariffs on $60 billion worth of US goods beginning June 1, escalating a trade war between the world’s two largest economies
Weiterlesen »