As you probably know, President Trump recently announced a
tariff on steel and aluminum imported into the United States, to
take effect March 23. Imports from Canada and Mexico will be
exempted from the tariff. Other countries may be added to the
exemption list. Regardless of which countries may be exempted, most
experts agree that the tariff, once implemented, will likely result
in increased prices for steel and aluminum — not only for
non-exempt imported materials, but for domestic and exempted
materials as well.
Steel and aluminum are necessary and intricate components of
essentially all construction projects. They are not only used
directly as building materials for the construction of projects
themselves, but also indirectly in the manufacturing of
construction machinery and equipment. If the tariff takes effect,
market experts anticipate price increases for not only all steel
and aluminum materials, but also for all equipment and machinery
that incorporates
