Canada and Mexico tariffs risk inflating US housing crisis, Trump is warned

News Snapshot:

Pressing ahead with steep tariffs on Canada and Mexico risks exacerbating the US housing crisis and threatening the broader economy, dozens of congressional Democrats have warned Donald Trump. The US president, after threatening to hit imports from the US’s two biggest trading partners with a 25% tax, is weighing how to proceed after approving a one-month delay. In a letter to Trump seen by the Guardian, Democrats noted that the US imports key construction materials worth billions of dollars – from lumber to cement products – from Canada and Mexico each year. “Given the severe housing shortage, compounded by rising...