Construction-Related Supplies & Materials in the Crosshairs
On May 10, the Office of the U.S. Trade Representative (USTR) began the process of raising tariffs on “essentially all” remaining imported goods from China, valued at $300 billion. This list of goods preliminarily includes construction-related items such as iron, alloy, and stainless steel material products, safety head gear made of reinforced plastic, paint brushes and rollers, work clothing and footwear, and various electric hand tools and parts. Many of the items that have had tariffs accessed on them are materials incorporated into the actual construction project itself, necessary parts for manufacturing construction equipment, or the construction equipment itself. Costs for these various supplies, materials, and equipment may rise accordingly, placing further pressure on contractors to increase their bid prices. For a full rundown of trade actions taken by the Trump administration and their impact on the construction industry, click here.
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