steel, Trump
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Last week, the Trump Administration enforced new levies against steel and aluminum imports, doubling the existing 25 percent tariff. These high duties join similar taxes on other essential construction materials such as lumber and timber,
Home builders, car manufacturers and can makers are among those that will see higher prices for materials. Those companies could charge customers more.
Tariffs imposed by the Trump administration on imported steel and aluminum increased from 25% to 50%, intensifying uncertainty among homebuilders.
U.S. homebuyers stand to bear the brunt of higher costs for builders from the new 50-percent tariffs on imported steel and aluminum.
President Trump has doubled the rate on foreign metals to 50%, saying the levies weren’t high enough to help the U.S. industry.
Cars, cans and coffee tins are all poised to get more expensive, as 50 percent tariffs on steel and aluminum take effect.
Tariffs on steel and aluminum just doubled. A St. Mary Parish boat shop is already feeling the impact — and a UL expert says the effects won’t stop there.