‘Uncertainty’: Green Country home builders worried about potential tariffs [Video]

OWASSO, Okla. — Green County Home builder Tim Martin said he’s worried about a potential 25% tariff on Canadian lumber.

President Donald Trump proposed the idea in February and said it could come into effect in April 2025.

Trump said he wants to enforce the tariff because of concerns about illegal immigration and drug trafficking. However, Martin said that this added cost could have a negative impact.

Martin is the president of Oklahoma Royal Homesin Claremore. He said a potential rise in Canadian lumber prices could make operations difficult.

“The reaction is uncertainty, a little bit of anxiety,” said Martin.

That was how Martin felt about Trump’s proposed 25% tariffs. He said this is another hurdle in the already struggling housing market.

To find out how this could hurt the wallets of Oklahomans, 2 News reached out to Jason Walter. He’s an associate professor of economics at the University of Tulsa.

“With housing prices it could be anywhere from let’s say 5-15% that …