AGC Provides Tariff Resources for Construction Contractors
On May 31, U.S. Department of Commerce Secretary Wilbur Ross announced steel and aluminum tariffs for Canada, Mexico and the European Union effective June 1. These countries were previously spared from the March 23-imposed 25 percent tariff on steel and 10 percent tariff on aluminum. According to reports, at least 30 percent of imported steel came from these nations in 2017. As a result, contractors may expect further increases in domestic steel prices and mill delivery delays. AGC has put together several resources for construction contractors regarding the various trade actions affecting construction, including a primer on tariffs in effect or under consideration, and contractual considerations privateand federal/federal-aid contractors should consider in light of the tariffs.
Construction contractors are encouraged to contact the president and their congressional elected officials to let them know how these tariffs impact their construction markets.  AGC continues to educate the White House and Congress on the impacts these and other potential tariff actions are having on the construction industry.
For more information, contact Jimmy Christianson at [email protected].