IN BUSINESS NEWS… THE ALREADY BLEAK HOUSING MARKET IN CALIFORNIA JUST GOT BLEAKER.
PRESIDENT TRUMP’S WAR ON TARIFFS HAS CAUSED THE AVERAGE PRICE OF A NEW HOME IN THE GOLDEN STATE TO COST 20 TO 30-THOUSAND DOLLARS MORE. THAT’S BECAUSE OF THE TARIFFS ON NEW APPLIANCES, SOME COUNTER-TOPS AND OTHER BUILDING MATERIALS.
IN MAY, TARIFFS AGAINST CHINA ROSE FROM 10-PERCENT TO 25-PERCENT ON ABOUT 500 ITEMS INVOLVED IN HOUSING CONSTRUCTION.
THE GOOD NEWS IS…U.S. and Chinese OFFICIALS ARE MEETING IN EARLY OCTOBER TO DISCUSS ENDING THE TARIFF WAR THAT’S WREAKING HAVOC ON THE GLOBAL ECONOMY.
