Construction Equipment, Products and Materials Could be Included
On May 29, the White House announced its intent to impose 25 percent tariffs on $50 billion worth of imported Chinese goods, some of which could include construction equipment, products and materials (e.g., concrete or mortar mixers; electric signaling items for traffic or safety control; elevators and conveyors; tower cranes; tunneling machinery; water pumps, etc.). AGC previously urged the administration to remove construction-related goods from the proposed tariff list, as they do not appear to meet the intended purpose of the tariffs: retaliation for China’s state-directed intellectual property theft.  The final list of Chinese goods subject to the tariffs is expected by June 15, with the tariffs set for imposition shortly thereafter.
For more information, contact Jimmy Christianson at [email protected].