Construction Materials Costs on the Rise
On June 12, Senate Republicans blocked consideration of AGC-supported bipartisan legislation that would require congressional approval of tariffs imposed for national security purposes, including both the 25 percent tariff on steel and 10 percent tariff on aluminum. This comes on the heels of producer price index figures showing, from May 2017 to May 2018, a jump of 17.3 percent for aluminum mill shapes and 10.5 percent for steel mill products. The U.S. imposed steel and aluminum tariffs on imports from Canada, Mexico and the European Union on June 1 and are not reflected in the current data. Contact the president and your members of Congress to tell them to end steel and aluminum tariffs hurting your construction business.
For more information, contact Jimmy Christianson at [email protected] or (703) 837-5325.