Home World News How new tariffs could impact home remodeling as trade tensions continue

How new tariffs could impact home remodeling as trade tensions continue

Starting Tuesday, new tariffs take effect on timber, lumber and certain wood products. U.S. officials say the tariffs aim to strengthen domestic manufacturing, but higher lumber costs could trickle down to new home prices and impact those looking to refurnish their homes. CBS News MoneyWatch correspondent Kelly O’Grady explains.

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