Given that 30% to 50%+ of materials in high-net-worth homes are imported, tariffs will increase rebuilding costs for properties lost in the California wildfires, whatever they end up being, according to Stephen Poux, EVP of risk management at The...
Tariffs will increase rebuilding costs for CA HNW homes: The Liberty’s Poux
Imported goods account for 30%-50%+ of materials used for HNW homes, versus 15%-25% in standard houses.