SENATORS COONS, ROSEN INTRODUCE BILL TO LOWER HOUSING PRICES BY EXCLUDING HOMEBUILDING MATERIALS FROM PRESIDENT TRUMP'S TARIFFS

WASHINGTON, March 2 -- Sen. Chris Coons issued the following press release:

U.S. Senators Chris Coons (D-Del.) and Jacky Rosen (D-Nev.) introduced a bill to exclude homebuilding materials from President Trump's tariffs in order to lower the cost of homes. The Housing Tariff Exclusion Act would automatically exempt many homebuilding materials from President Trump's current and future tariffs and allow importers to apply for tariff exemptions on homebuilding materials that aren't automatically exempted.

Following the Supreme Court's decision declaring many of the president's broad, cost-raising tariffs illegal, President Trump doubled down and implemented a new 10% tariff on global imports that went into effect last week. The new tariffs i...