Tariffs threaten Mass. affordable housing, local economy [Video]

Gov. Maura Healey expressed concerns Monday about the potential negative impact of President Donald Trump’s tariffs on Massachusetts’ housing crisis and economy. The 25% automotive tariff is also expected to drive up the cost of new cars and repairing old ones.At a Charles River Chamber meeting, Healey addressed members about her focus on local issues such as housing, transportation and tax cuts. She emphasized that tariffs on countries closely working with the U.S. could exacerbate these issues.Healey specifically mentioned the current housing crisis, stating that tariffs are detrimental. She said the added costs and uncertainty are causing people to tighten their wallets instead of driving money into the Massachusetts economy.Regarding affordable housing, Healey referenced Canadian lumber, which could become more expensive if tariffs are implemented. She said she has spoken with Canadian leaders who are concerned about the potential economic impact.”They are just at a loss for why this is …