President Donald Trump has paused, at least temporarily, 25% tariffs he’d announced against Mexico and Canada. Those two countries also happen to be Arizona’s biggest trading partners.

In his first weeks back in office, President Trump has enacted — and walked back — tariffs that experts say would have made homebuilding more expensive in Arizona. Why it matters: The National Association of Home Builders (NAHB) warned that Trump's 25% tariffs on Mexico and Canada would directly increase the cost of building materials — and that those costs would be passed on to buyers.

Arizona Governor Hobbs and business leaders raise concerns about the economic impact of new tariffs on Mexico and Canada.