New homes in the United States are on track to be more expensive due to President Donald Trump’s tariff policies, according to a new report. The tariffs are expected to raise the cost of supplies to build homes at the same time that the U.

Canadian Prime Minister Mark Carney on Tuesday rejected the idea that the country would agree to a rushed trade deal with the United States. The Trump administration implemented an Aug. 1

He is raising tariffs on some of America’s most important trading partners, and the world is largely cheering the agreements as victories.

President Trump on Thursday threatened to impose 35% tariffs on goods from Canada starting next month, hiking import duties on one of the U.S.'s largest trading partners.

Trump wrote to Carney to inform him that, from August 1, Canada will face a 35 percent import tariff after the two sides failed to reach a deal during the recent pause. The American leader said he would consider revising the 35 percent tariff "if Canada works with me to stop the flow of Fentanyl".

The Canada-U.S. softwood lumber trade relationship has dealt with ups and downs, disputes and resolutions, for decades. Anxiety for Canadian exporters is reaching a fever pitch again as the U.S. threatens to more than double softwood lumber duties and add even steeper tariffs under a national security investigation.