Redfin’s Latest Analysis of Housing Market Impacts
By: Chen Zhao | Published: 2025-05-29 15:50:00 | Source: www.redfin.com
President Trump’s newly announced tariffs will impact the housing market in a variety of ways.
We’ll be updating this page with new information as the situation evolves.
Update: May 29, 2025 at 8:50am PDT
Court of International Trade blocks Trump tariffs
The Court of International Trade has ruled that the White House cannot use the International Emergency Economic Powers Act to broadly implement tariffs. If the administration does not win an appeal within ten days, this removes the 10% global minimum tariff and country-specific reciprocal tariffs imposed on April 2 (“Liberation Day”), the 25% tariffs on non-USMC compliant imports from Mexico and Canada, and the 20% tariffs on China imposed because of fentanyl. It will not impact the sectoral tariffs—25% on aluminum,…
