Hey there! Did you hear about the wildfires in Los Angeles? 🔥 They were really big and sadly destroyed over 17,000 homes and businesses. That’s like if your entire neighborhood was gone! 😢
Now, people are trying to rebuild their homes. But there’s a problem. It might take longer and cost more money because of something called tariffs.
What are tariffs?
Tariffs are extra taxes that countries add to goods they bring in from other places. Imagine if you wanted to buy a toy from another country, but you had to pay extra money because of a tariff. That would make the toy more expensive, right?
In this case, the United States has tariffs on some building materials they get from other countries. This means things like wood, steel, and other stuff needed to rebuild houses cost more money.
Why does this matter?
Because building materials are more expensive, it might take people longer to save up enough money to rebuild their homes. Plus, builders might charge more because their costs are higher.
But there’s hope! People are working hard to find solutions so families can get back into their homes as soon as possible. 🏡 Let’s keep our fingers crossed for them!
Reference(s):
Tariffs could slow rebuilding LA homes devastated by wildfire
cgtn.com
