US Tariff Hike Backfires, Driving Up Lumber and Furniture Costs
US tariff hikes on lumber and furniture are driving up building costs and stalling home construction, sparking global criticism and consumer concerns.
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US tariff hikes on lumber and furniture are driving up building costs and stalling home construction, sparking global criticism and consumer concerns.
From October 14, new US tariffs on timber and furniture drive a 3% import drop in H1 2025, reshaping global supply chains and housing costs.
China’s Housing Minister Ni Hong announces strong financing support for eligible housing projects to stabilize the real estate market and ensure timely home deliveries, during a press conference at the 14th National People’s Congress.
New U.S. tariffs on steel and aluminum may drive up housing costs by thousands, experts warn, echoing 2018 trade war fallout.
China’s Ministry pledges to stabilize the real estate market in 2025 through policy measures supporting homebuyers and improving housing conditions.
China’s Ministry of Housing plans to stabilize the real estate market in 2025 by supporting housing demand, reforming commercial housing, and expanding urban village reconstruction.
The Chinese mainland’s Ministry of Housing and Urban-Rural Development unveils ‘Four Cancellations, Four Reductions, Two Increases’ to boost the real estate sector by easing purchase restrictions and lowering loan rates.
Chinese Vice Premier He Lifeng advocates expanding financial support mechanisms to stabilize the housing market and boost economic recovery.
Chinaโs central bank cuts mortgage rates to support the housing market, easing repayment pressures and boosting consumer spending.
China’s central bank introduces major measures including interest rate cuts and lower down payments to boost economic growth and stabilize the housing market.