Tariffs have long been a tool used by governments to regulate trade and protect domestic economies and industries. What is new, however, is the volatility of the constantly changing tariff landscape.

U.S. homebuyers stand to bear the brunt of higher costs for builders from the new 50-percent tariffs on imported steel and aluminum.

The U.S. has imposed a 50% tariff on steel and aluminum imports, aiming to protect domestic industries. This move, announced by President Trump, has sparked global reactions, with key trading partners like Mexico and the EU expressing concerns.