Buddy Hughes, the chairman of the National Association of Home Builders (NAHB) and a home builder and developer from Lexington, North Carolina, commented on the recent U.S.-China tariff agreement. The two countries have agreed to a 90-day pause on most tariffs imposed on each other's goods.
"The White House announcement that it has reached an agreement with China that will drastically curtail tariffs on each nation’s goods is a positive step as the two countries work to reach a long-term, mutually beneficial trade pact," said Hughes. He further urged the administration to quickly secure fair and equitable trade deals with other nations. Such agreements could potentially eliminate tariffs that are currently affecting building material supply chains and increasing construction costs.
