A recent analysis from the home improvement company Porch found that the increase in tariffs on goods imported from China have the potential to add $17,000 to the overall cost of a newly constructed home, while remodeling projects could see an increase of 10 to 15 percent in total costs.  

After weeks of escalating rhetoric between the U.S. and China, the opening shots in what analysts fear will devolve into a full-fledged trade war are set to go off at midnight.

The lawsuit says the law the White House used to enact the tariffs — Section 232 of the Trade Expansion Act — violates constitutional principles.

A 25 percent tax on imported steel and 10 percent duty on imported aluminum from the countries will take effect tomorrow.

Officials with the European Union say it looks increasingly unlikely that they will be able to reach an agreement with the White House to permanently exempt the 28-nation bloc from the steel and aluminum tariffs. 

The complaint, filed this week with the World Trade Organization in Geneva, says that the 25 percent tariff on imported steel and 10 percent levy on imports of aluminum were improper.

Chinese-made parts for air conditioners, compressors, furnaces and ventilation equipment are among those on a list of 1,300 products that the White House is proposing to slap with a 25 percent tariff.

A Twitter post from the Chinese government-controlled English language newspaper the People’s Daily said the tariffs were a direct result of the U.S. decision to charge a 25 percent import tax on Chinese steel and 10 percent on aluminum.

If the U.S. enacts the steep steel and aluminum tariffs the president announced a week ago, European Union officials say the 28-nation bloc will respond with increased taxes on a raft of U.S.-made products, including HVAC equipment.

Add the Air Conditioning Contractors of America to the list of construction industry groups disagreeing with the Trump administration’s decision to impose new taxes on steel and aluminum.