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Stock impact report

With lumber and furniture tariffs in effect, New Mexico industries brace for impact [Yahoo! Finance]

Builders FirstSource, Inc. (BLDR) 
Last builders firstsource, inc. earnings: 4/30 04:15 pm Check Earnings Report
US:NASDAQ Investor Relations: investors.bldr.com
Company Research Source: Yahoo! Finance
Monahan said he braced for higher lumber prices when President Donald Trump took office in January. "I have learned through the years to weather the ups and downs," Monahan said. "I'm hanging onto my business, but I'm treading water right now. So we're waiting for better times." Monahan has been making custom-built wood furniture and cabinetry for more than 40 years. Since the economy has tightened, he said, people just aren't spending money like they used to. "People are holding up. They're looking out for themselves, which they should. Medicine, food and shelter is a lot more important than a piece of furniture," he said. Trump's tariffs on foreign furniture and wood products took effect Tuesday, prompting uncertainty among Albuquerque-area businesses and developers, who say the duties will put pressure on an already tight market. At the end of September, the Trump administration announced tariffs of 10% on imported lumber and 25% on upholstered furniture, kitchen cabinets Show less Read more
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