Treasury Secretary Scott Bessent suggested Monday that President Donald Trump may consider some tariff exemptions for certain housing construction materials.
“We’re trying to figure out what we can do, and we don’t want to step into the business of states, counties, and municipal governments,” Bessent told the Washington Examiner. “I think everything is on the table.”
The Trump administration has established a wide range of tariffs on materials used to build homes, including 35% tariffs on lumber imports from Canada, plus tariffs ranging from 10% to 50% on imports of steel, aluminum, copper, and other materials crucial to construction.
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